Gold may retest upper channel to form a bullish butterfly
1. Moving along newly set bullish trend line.
2. Upper channel coincide with 382 retrace and point (c) of bullish butterfly
3. Continuation of making a flag along upper trend line.
4. Point (d) of butterfly will coincide with TP target of previous idea
This is a short term trade up, then down, then up again if butterfly pattern is formed. Otherwise, bias for gold remains bearish.
2. Upper channel coincide with 382 retrace and point (c) of bullish butterfly
3. Continuation of making a flag along upper trend line.
4. Point (d) of butterfly will coincide with TP target of previous idea
This is a short term trade up, then down, then up again if butterfly pattern is formed. Otherwise, bias for gold remains bearish.
Kommentar:
Gold long is looking good. Resistance at 1234 area will be a critical point for this pattern to complete.
Kommentar:
Almost there. Watch for 1250-1252 levels for possible break up or reversal. If it breaks, it'll go to 1260 and higher.
Kommentar:
300 pips, please take profit and shift your stop loss. If it doesn't turn, it will go all the way up.
Trade geschlossen: Ziel wurde erreicht:
All yours guys.
