As you can see in the graph above, the B point landed perfectly on the 0.618 fib line drawn on XA extension, while the C point landed almost perfectly (0.618 area) on the fib line drawn on the AB extension.
Price had break through both 1297 & 1285 which is a very strong support, based on the fib line drawn on BC extension and previous history.
It has also...
In my opinion, it seems that there's a possible Bearish Gartley formation for XAUUSD in a long term. It is clear that @1270 - 1275 is a strong resistance point as it has been tested multiple times in the past.
If the price failed to penetrate this level and goes down, there is a possibility that the price will fall until @1620 (Fib = 0.382) or @1245 (Fib =...
