After forming the Gartley pattern on the 8th of March, gold seems to be going up again.
The Gartley formation can be supported by the 38,2% Fibonacci retracement level:
If the current move gets negated, we also have a possible Butterfly pattern forming at $1560:
Scripts used in this analysis:
The Gartley formation can be supported by the 38,2% Fibonacci retracement level:
If the current move gets negated, we also have a possible Butterfly pattern forming at $1560:
Scripts used in this analysis:
You can find more information about our scripts at patternshunters.com/
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.
You can find more information about our scripts at patternshunters.com/
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.