XAUUSD Gold Potential Bearish Gartley and Short Opportunity
Description: We see a potential Bearish Gartley Harmonic Pattern on the H1 Chart. If the price breaks above 1193.50, it is likely to test Fib 78.6 of XA. This is our area of the entry and we will look for a short opportunity between 1196 – 1198.
Pair / Instrument:XAUUSD
Time Frame: H1
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BEARISH
Trade Based On: Bearish Gartley
Recommended Lot Size: 0.10 @ 10 K Account with 1:100 Leverage
AREA OF THE ENTRY: 1196 – 1198
STOP LOSS: Above X 1201.64
TARGET 1: 1191.67
TARGET 2: 1188
TARGET 3: 1181
You can follow the trade XAUUSD GOLD Bearish Gartley
Trade Stoped Out. 300 Pips
We have entered another short trade as : GOLD SHARK AND RESISTANCE
Targets Reached Trade Closed: 1000 Pips
We closed the trades with 700 Pips Profit
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
XAUUSD GOLD Bearish Gartley: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.