Hi,
With some volatility before and after Japan election on next sunday, i'm expecting large movement on Gold (highly correlated with yen)
All patterns are on chart.
I added long on 0.618 retracement with confluence of inverted AB=CD pattern at $1277.
TP $1298 to reach the bearish trendline and to complete a bearish inverted AB=CD pattern.
Pullback to $1270 to complete a bullish gartley in order to confirm the low made in early october.
Then, start of CD leg to complete a bearish Bat and fill the gap opened in early september (PRZ between $1345/1350)
Below 126x, just forget ;)
With some volatility before and after Japan election on next sunday, i'm expecting large movement on Gold (highly correlated with yen)
All patterns are on chart.
I added long on 0.618 retracement with confluence of inverted AB=CD pattern at $1277.
TP $1298 to reach the bearish trendline and to complete a bearish inverted AB=CD pattern.
Pullback to $1270 to complete a bullish gartley in order to confirm the low made in early october.
Then, start of CD leg to complete a bearish Bat and fill the gap opened in early september (PRZ between $1345/1350)
Below 126x, just forget ;)
Nota
$1282 has been reached.From now, 2 options from my side to complete the gartley :
Today gold drops until $1270 and should open with an gap up on monday.
Else, gold reach $1298 until close and open with a gap down on monday to reach 1270$ to complete the gartley.
In both cases, i think 1270$ should be reached to push prices to the north.
Again, below $1260, just forget :)
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.