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smartstep78
Nov 25, 2017 11:27 PM

XAUUSD-BUTTERFLY Short

FX:XAUUSD240
Gold/U.S. DollarFXCM

Description

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XAUUSD MAY BE BUTTERFLY BEARISH FROM 1310 -1316. LOOKING TO SELL HERE

Comment

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THIS BUTTERFLY IS VERY MUCH VALID- GOLD WILL TEST 1316 FROM CURRENT LEVELS.

Comment

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STRONG RESISTANCE AT 1297 - 1300 BUT MY OVERCOME

Comment

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THIS PATTERN IS INVALID NOW

Comment

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200 EMA ON 1 HOUR MAY HELP TO DETERMINE THE DIRECTION AS THE PRIZE HAS BEEN MOVING UP AND DOWN THIS EMA FOR SOMETIME NOW
Butterfly
Comments
fhsk2001
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So you think pog will visit 1316. Let's see.
smartstep78
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if this pattern plays out then..but close below 1280 will be bearish for gold
fhsk2001
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@smartstep78, it seems the pattern will be executed.
smartstep78
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NO, STILL THE GOLD IS IN TRIANGLE UNLESS IT BREAKS OUT, AND 1280 IS PIVOTAL PRIZE BEING THE CENTRE OF TRIANGLE. LET THE MARKET DECIDE AS THE WEEK OPENS
fhsk2001
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@smartstep78, Thank you. Bullish movement is expected between 1290 and 1300 but I am not sure if it will overpass 1300...
smartstep78
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1297 TESTED TWICE. SO NOT SURE IF MARKET WANTS TO TEST 1300 OR GO DOWN FROM HERE. LETS SEE
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