As of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan:
Trade Details:
Option 1:
Entry: Sell in the Potential Reversal Zone (PRZ)
Stop Loss: 2759.50
Option 2:
Entry: Sell Stop at 2740
Stop Loss: Above the defined last high (LH)
Reason for Trade:
The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Trade Details:
Option 1:
Entry: Sell in the Potential Reversal Zone (PRZ)
Stop Loss: 2759.50
Option 2:
Entry: Sell Stop at 2740
Stop Loss: Above the defined last high (LH)
Reason for Trade:
The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Trade closed: target reached
to hit for both cases
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.
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.