morshedul.sazid
Short

Gold pattern clusters

FX:XAUUSD   Gold Spot / U.S. Dollar
Clear pattern clusters of Gartley and the butterfly pattern . Good potential zone for the price to reverse from the zone. I am excited to see what might happen.
Trade closed: target reached
Butterfly Tp hit!
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Where do you think the price is going?
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morshedul.sazid coolma19735e
Hello, I always rely on If= Then theory, I do not do long term prediction.
Here, as you can see we have two patterns forming, If my gartley pattern completes then my target would be 38.2% of CD leg and 2nd target would be 61.8% of Cd leg. I have mentioned the price also. The red zone area is a structure area in weekly. We might see a good reversal around the zone.
My analysis are pretty simple, Its not rocket science. Anyone can understand :) Thank you.
+1 Reply
Good zone for a short.
+1 Reply
I believe it is. Whenever I see a harmonic pattern clusters its always a good time to look at it closely :)
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