MrZiko
Short

A Possible Long Term Bearish Gartley for XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
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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 = 0.886).

What do you guys think?

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