Xausud
GOLD- GC1! - XAUUSD - M30 - Intraday Analysis - Gartley PatternGOLD- GC1! - XAUUSD - M30 - Intraday Analysis - Bearish Gartley Pattern
We are in a Major Bullish trend , but the price made a bearish reversal and we are now,
waiting for a pullback and expecting that the Bearish Gartley Harmonic Pattern is completed
@ the 0.618 Fibonacci Level to enter SHORT.
Our target will be the 0.236 Fibonacci level.
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Entry: 1702.50 | Stoploss: 1708.50 | Takeprofit: 1685.50 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Adjustment for new XAU/USD Long to 5 wavesXAUUSD long to 5 waves, because waves 3 to 4 have simetricaltriangle pattern, then up to 5 wave (1.272 Ext).
i use fibonacci relationship for calculate Targets.
you can buy in 1680 or 1687, then TP 1. 1720 and TP 2. 1751, SL 1670.
*NOT 100 %, but you can use this for learning.
#Gold #XAUUSD Full Top Down Weekly Analysis With Trading PlanTraders,, Gold has been pretty consistent with our technical analysis. We took 3 positions in last 2 weeks which worked out exactly as expected. More opportunities are coming on Gold.
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P.S. (This is for education only. Not a financial advice or signal.)
Buy GOLDWe are currently in 50 % Fibo correction from last movement.
The levels around $1616 will act as a support and we will see new raising and new higher levels.
The main resistance will be previous top at $ 1700, the next one will be $1727.
What movement do you expect for Gold?
Leave your thoughts in the comments below.
XAUUSD: Key Resistance @ 1611. Watch for Reversal.Hi Traders,
It seems as if price may retest the most recent high at $1611. I'm looking at this current structure as a ABC regular flat, with the expectation that wave C will come in 5 waves.
Wait for clear confirmation before taking any sell positions.
Regards,
Wave Theorist