GcNaif
Long

Long to catch CD leg of this Butterfly

FX:XAUUSD   Gold Spot / U.S. Dollar
472 5 8
I know it is in a strong downtrend ,but to gain some breather and momentum it needs to retrace . I am expecting it to at least retrace to 117x . There is also a confluence of 2 fib ratios at the completion of D.

First hurdle 1162 , second one 1166. If it gets through then we may see the target during asian/euro session.

SL : 1147
I am a Chart Slave.Thank you TradingView and @nmike.
Eventually worked.
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Update:
snapshot
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looks like a h&s to me
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it "needs" to retrace does it? LOL
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lol , not necessary , its just the , i wish we knew for sure.
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