A perfect Bullish Gartley has formed on the XAUUSD Daily... Almost there...
The Potential Reversal Zones are marked on the Chart.
Generally, the price tests all the levels in the PRZ.
It's better to open long after price crosses the PRZ and turns.
1.618 BC at 1492.
0.887 XA Retracement at 1499.
1.414 BC projection at 1500.
Other levels:
AB = CD completed at 1516.
0.786 XA retracement at 1505
1.277 BC projection at 1505
The Potential Reversal Zones are marked on the Chart.
Generally, the price tests all the levels in the PRZ.
It's better to open long after price crosses the PRZ and turns.
1.618 BC at 1492.
0.887 XA Retracement at 1499.
1.414 BC projection at 1500.
Other levels:
AB = CD completed at 1516.
0.786 XA retracement at 1505
1.277 BC projection at 1505
Comment:
Will update idea after watching price action and when I open the long position...
Comment:
Opened a long position at 1490
Comment:
Gold really tested my patience this week... still holding this at 1490... will close partially at 1530...
