fra978

GOLD - Potential Butterfly Bearish Pattern on 15 min Chart

FX:XAUUSD   Gold Spot / U.S. Dollar
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Let's see what will happen with this Projection of D leg.
A 127% Extension would be form a perfect Butterfly .

At the moment the intra day trend seems up but could we see a new crash on the D point?


<big vrash with USD FOMC news. The pattern is now invalidated.
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Trendlines still working: upside resists.
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Good news for US are dragging down the price back to the middle trendlines of intraday. Looks like the pattern willl not complete.
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Hitting my trendline before news events (USD Gross Domestic Product Annualized (QoQ) (3Q A) + 3 others medium). Let's see wich direction will be.
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How it looks on 5 min chart
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