Gold has completed a nice Gartley Bullish, confirmed by a bat bullish last Friday.
Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north.
The 1267$ zone could be reached next week to complete a Cypher bearish pattern.
If this level is reached, i will short to target 1165$/68 in order to complete a likely butterfly bullish pattern and activate the weekly 5-0 bullish (see idea below)
If prices break 1210, i will throw this scenario to the garbage but targeting the same level : 1165$/68
Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north.
The 1267$ zone could be reached next week to complete a Cypher bearish pattern.
If this level is reached, i will short to target 1165$/68 in order to complete a likely butterfly bullish pattern and activate the weekly 5-0 bullish (see idea below)
If prices break 1210, i will throw this scenario to the garbage but targeting the same level : 1165$/68
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.