In my opinion, it seems that there's a possible Bearish Gartley formation for XAUUSD in a long term. It is clear that @1270 - 1275 is a strong resistance point as it has been tested multiple times in the past.
If the price failed to penetrate this level and goes down, there is a possibility that the price will fall until @1620 (Fib = 0.382) or @1245 (Fib = 0.886).
What do you guys think?
If the price failed to penetrate this level and goes down, there is a possibility that the price will fall until @1620 (Fib = 0.382) or @1245 (Fib = 0.886).
What do you guys think?
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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.