cdschultheis15
Long

Bullish Butterfly + RSI

OANDA:XAUUSD   Gold
There is a lot of talk that gold             -0.44% will be down by the end of the year...

The picture shows XAU/USD             on the 1D chart, a pervious and current trend channel, and a bullish butterfly .
Also, according to the RSI , there is a buying opportunity.

Short term reversal?
What does everyone think?

The measurements for a valid deep crab pattern are detailed below.
B: 0.786
C: 0.382 - 0.886
D: 1.618 - 2.24
X to D: 1.272
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Christopher D. Schultheis,
Six Figure Capital
In the description....idk why it says deep crab pattern...it should match the title BULLISH BUTTERFLY
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