yanuarmanalif

GOLD POTENTIALLY TO SET BULLISH BUTTERFLY PATTERN

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
In the long run Gold potentially to set Bullish Butterfly Pattern, if the pattern is finished with the length of CD between 1.61 - 2.24 fibonacci retracement of BC' (Potential Reversal Zone, between $ 819/oz to $ 972/oz) then there is an opportunity for gold price to reverse the trend, the pattern will fail if the price move back above point A ($ 1375/oz)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.