CFDs on Gold (US$ / OZ)Updated Gold is Harmonic
Bullish Gartley playing out currently.
Tp1 would be the completion of a bearish gartley pattern
Price currently playing out gartley harmonic pattern with a break above 2714 would signal price in the process of completing either a bearish gartley at 2741.
a break above 2741 would see us quickly reach our target of 2948 with traders eargerly trying to see price hit 3k
Disclaimer: trade idea NOT financial advice
✌🏾☀🧘🏾♂️
Tp1 would be the completion of a bearish gartley pattern
Price currently playing out gartley harmonic pattern with a break above 2714 would signal price in the process of completing either a bearish gartley at 2741.
a break above 2741 would see us quickly reach our target of 2948 with traders eargerly trying to see price hit 3k
Disclaimer: trade idea NOT financial advice
✌🏾☀🧘🏾♂️
Trade active
Move Stops to BreakevenNote
Gold closed, Daily 2713.745.
just short.
resistance near 2665 zone
Note
Last week, we blew through tp1 and fell just short of tp2.
this week tp1 can be seen as support towards tp2
once tp2 is hit. stops would be moved to 2725
Note
onwards to tp3
be well traders!
Note
Gold...tp3 is the completion of a bearish crab pattern.
Invalidation would be up at 3060 zone.
if the crab pattern plays out for a market correction our current tp2 would be a good zone to look at a reentry...
will begin to trail stops tight.
thanks and be well!
Trade closed: target reached
Great Trade, Looking to reenter. tp3 just short
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.