rmshraj
Long

XAU possible Bullish Butterfly Pattern !?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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2
XAU USD seems to be in a formation of Bullish Butterfly advance pattern. The anchor leg XA seems to have been set, so has the AB leg retracement of 0.786 of the anchor leg. Currently in formation of BC leg, we've got to wait and see where it terminates in between 1219 and 1345 (0.386 and 0.886 retracement of the leg AB). If this leg BC validates itself, then we'd project the leg CD and so on so .
Sorry for the messy chart :) , Correction and advices are always welcome.

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