XAUUSD - Sell
Updated
Hello Traders!
As you can see from the chart, the Symmetrical triangle breakout target is almost complete 1970-75 price target.
The ABCD Gartley pattern is almost complete and one can take short positions for the target bottom of the C wave.
If PA rejects the 0.382% fib level this will also complete the WXY pattern and Y will be towards the downside with a target of 1800.
Again the above 1800 is a long term target and will see how the price reacts at the 0.382% fib level.
Trade Safe!
As you can see from the chart, the Symmetrical triangle breakout target is almost complete 1970-75 price target.
The ABCD Gartley pattern is almost complete and one can take short positions for the target bottom of the C wave.
If PA rejects the 0.382% fib level this will also complete the WXY pattern and Y will be towards the downside with a target of 1800.
Again the above 1800 is a long term target and will see how the price reacts at the 0.382% fib level.
Trade Safe!
Trade active
Note
Trade active
1925 price target achieved and you can see the price bounced of the bottom trend line and it also completed the ABCD pattern.The price will retrace from here to 1946 levels which .50% retracement from the 1965 levels. If the price rejects these levels we shall the retest of the bottom trend line and break of it as well.
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retest of 1900 and 1895.Trade active
Both the 1900 and 1895 targets were achieved.Because the PA was very bearish we got an extended ABCD pattern which completed at 1892.
We will now see the retest of 1907.
Trade closed: target reached
1800
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