Potential Butterfly Pattern with Previous Resistance Level

Short

Gold Spot / U.S. Dollar (FX:XAUUSD)

Updated

FX:XAUUSD Gold Spot / U.S. Dollar

1242 could be a good position to short the XAUUSD

SL: Above 1245

TP1:1213

TP2: Below 1200

Comment:

Sorry, it's BAT pattern, not butterfly.

Comment:

The price almost hit 1242 then drop down nicely

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