Next step could be a bearish shark at $1350 after Gartley completion.
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Adding short 1282. SL Above 1284.
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After took some profit on 74. Initial short SL hitted at BE. Shorted again at 1285. Target unchanged for now (1250 and 1235) Short term target -> bottom of the flag.
Bullish above $1286.
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Maybe another round on $1269
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Took some profit on 0.618 retracement at $1274. $1269 still in the game imo.
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Another option to reach 69/70 Short term Bullish shark to bear 5-0 or Inv. AB=CD (levels on chart) Then, leg down to complete a gartley at 70/69 (+ cypher and inv. AB=CD posted earlier)
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70 hitted. Gartley completed. Took some profit. Long hedge $1272. Still in range.
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Took some profit on $1296. Short $1296 - Bearish Gartley - TP on chart
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TP 1 reached. Small take profit. Should go much lower. $1235 is still possible for this month / early december.
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TP2 reached. Close long at $1284 / 2 short positions (1296 and 1294)- Next TP 1250 / 1235 and if gold wants to go lower : $1210
AB=CD + Max TP for bearish Gartley
Maybe a red november for gold.
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Range, Range and Range. As long as, daily gartley is holding (H1 bear bat in yellow)
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Bear Garley still active. Likely shark to retest the low at $1259
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Last update for this idea (need to create a new one for better view) Close all short on $1246. Started to long - Open 1245.5
@pixi: Could you please clarify you are long or short?
pixi
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@olegleo, hi! I'm long and short for now in this tiny range. Took some profit on short and long. I'm still not sure about the direction for the next few days / weeks. I have two scenario (this one, gartley at $1235) and the previous one, bullish, with $1350 target (idea closed maybe too earlier). So imho, both scenarios are still on table.
I understand that is not clear, because it is not yet clear for myself. Hope the next trading days we'll see a BO of 1300 or 1260 to play one or the other scenario.
Opened Position : Short 85 / Long 72 - Hedge
Stay tuned ;)
olegleo
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@pixi, Thank you for an explanation! Now it is clear.