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fra978
Oct 30, 2019 11:13 AM

GOLD - Potential Butterfly Bearish Pattern on 15 min Chart 

Gold/U.S. DollarFXCM

Description

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?
Comments
fra978


<big vrash with USD FOMC news. The pattern is now invalidated.
fra978

Trendlines still working: upside resists.
fra978


Good news for US are dragging down the price back to the middle trendlines of intraday. Looks like the pattern willl not complete.
fra978

Hitting my trendline before news events (USD Gross Domestic Product Annualized (QoQ) (3Q A) + 3 others medium). Let's see wich direction will be.
fra978

How it looks on 5 min chart
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