dionvuletich
Short

Gold XAUUSD daily Gartley

FX:XAUUSD   Gold / U.S. Dollar
123 3 1
Taken some profits out and looking to short 1161 for a short term drop lower

RSI overbought coming into fibonacci cluster + supply level = SELL
Trade closed: stop reached: Completely busted not too common to see RSI>73 bust up a pattern like this, usually stop outs at least respect a level even if only pausing slightly - this one was just plain wrong....
Busted... could not hold the line... position long based on HTF so not too concerned...
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where will the correction range end ?
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dionvuletich AlanSimpson
No one knows..., I'm actually position long and looking to trade the correction lower but only as a brief correction of the current uptrend as noted in the chart

Monthly is at support and looking bullish but has significant resistance ahead around 1200, I think you really need to step back and look at the Monthly chart to answer that question

Try this chart
XAUUSD Monthly
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