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?