Gold consolidating within resistance. Time to short maybe?
Hello Fellows!
I hope you are all doing great!
A fantastic 'Gartley' is forming on the charts, which can be traced on all time frames.
The idea is to SELL at the 127.2 AB extension at around 2038.60, marking the D point (can also be aligned with an XA retracement of 78.6).
SL will be just above X at approximately 2045 while TP can be set at 2007-2008, which is the 127.2 XA extension.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
I hope you are all doing great!
A fantastic 'Gartley' is forming on the charts, which can be traced on all time frames.
The idea is to SELL at the 127.2 AB extension at around 2038.60, marking the D point (can also be aligned with an XA retracement of 78.6).
SL will be just above X at approximately 2045 while TP can be set at 2007-2008, which is the 127.2 XA extension.
Take care, trade safe and stay dandy!
Note: The information created and published here is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.