A possible gartley pattern in gold.
gold is in the way to make A GARTLEY PATTERN, but before it go lower, it need to break minor support first at 1292.
if support broken, it can help for gold to go lower and reach at 1287 (this is our chance to go with market for long position.)
analysis:
1. you can join short now and then buy when price at 1287 (but you must take the risk because gold in strong uptrend; or
2. you can join at 1287 that give you better can to join market in the strong movement.
moreover, set your money management to arrange this trade.. hopefully you all get some profit. best regard.
if support broken, it can help for gold to go lower and reach at 1287 (this is our chance to go with market for long position.)
analysis:
1. you can join short now and then buy when price at 1287 (but you must take the risk because gold in strong uptrend; or
2. you can join at 1287 that give you better can to join market in the strong movement.
moreover, set your money management to arrange this trade.. hopefully you all get some profit. best regard.
Order cancelled:
price break point A, indicated this pattern is not longer valid
for someone who has joined to the market as a seller.. please set your take profit in area 1291-1292 for save trade first.
I think shorting gold is not a wise choice if you want hold it for long time.