$XAUUSD #Gold Bearish Butterfly Weekly
Bearish Butterfly on XAUUSD. Entry range until 1567.94, above invalid. Target 1366.06
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The market is challenging the 1,485 support above the 50 SMA. A break below the level can open the doors to a selloff towards the 1,400 figure.
The first level of resistance is likely the 1,520.00 resistance followed by 1,560 near the 2019 high.
The first level of resistance is likely the 1,520.00 resistance followed by 1,560 near the 2019 high.
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