TheTechnicalAnalysts

GOLD weekly - Not the candle the bulls want to see.

FX:XAUUSD   Gold Spot / U.S. Dollar
Weekly candle closes forming a Gravestone Doji after the completion of the "Butterfly" extension pattern confirming the view posted the 16 of April. Probabilities to go back into the 1630s are quite high. However the price is still above support that might suggest rising in price at the beginning of the week giving good opportunities for short entries.

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