First level of a Butterlfy pattern complete @1162$.
Expect a rally to 1239$ for the next bearish pattern.
If gold drops next week below 1260, 1130 could be reached again (1.618 XA).
The target of the broken "megaphone" would be 1090$.
Expect a rally to 1239$ for the next bearish pattern.
If gold drops next week below 1260, 1130 could be reached again (1.618 XA).
The target of the broken "megaphone" would be 1090$.