Get started
hopscotch

Mini Gold Bearish Butterfly

Long
Gold (Mini) Futures (Oct 2017) (COMEX_MINI:QOV2017)  
hopscotch Updated   
COMEX_MINI:QOV2017   Gold (Mini) Futures (Oct 2017)
Pivot Points Butterfly minigold
4
1
pivotpoints butterflypattern minigold
October Mini Gold is setting up for a Bearish Butterfly and/or double top at 1300. Predicting Bullish Shark following. Gold is bullish rather than bearish overall, so drop may not be significant after Butterfly. RSI is overbought.
Comment:
Mini Gold continues up. Next target previous R2 and double top at 1301.10.
Comment:
Mini Gold climbing again on USD weakness. Heading towards C position of the Shark. If USD doesn't turn around or remains weak, we may see a bullish Cypher.
Comment:
Mini Gold hit C position target and fell. Next downside on further USD buy to R2 at 1291.21
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.