Gold Spot / U.S. Dollar
Long
Updated

XAUUSD - potential bullish Gartley (high risk)

166
Due to strong downward pressure and incoming risk events (NFP) please reduce your position and set tight SL.

It's 1D chart, so we stay with one profit target: ~1260

Entry zone : 1235-1238

Trade responsibly.
Trade active
Very precise entry, so far $8 move...
snapshot
Note
Lets see if it develops potential reversal pattern (iH&S) on 1H chart:
snapshot
Note
We are almost at our Target profit around 1260 (20$ profit), due to tomorrow's event (ECB) lock in profit or use reasonable Stop Loss...congratulations everyone :).
Note
iH&S pattern worked out perfectly.

snapshot
Trade closed: target reached
Congratulations everyone who was in this trade. We have reached the TP already:
snapshot

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.