bullish butterfly, long set up

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
2345 14 60
Entry: 1333
TG2: 1370
TG3: 1390
Comment: The yuan mid-point against the dollar devaluation of 441 points, at 6.6652. It's the biggest drop since June 27.
Comment: In Aug.11,2015 AM, RMB depreciation of a trading day 1136 points, 1.9% cut
Gold price has fallen down $11/OZ in 9:00-9:45AM,then moved up near $22/OZ in 3:00PM.
Trade active: my entry: 1332.5
Comment: Match perfectly
Trade closed: stop reached
seems broke down just now, so we have to look further into it
Faylee, Excellent Charts! My congrats. You are brilliant Trader as I can see. But regarding this chart, don't you think we could have a correction to 1280-1260 area now before the huge growth. Thus often happen in Gold before such moves.
We got resistant at 1340
Updated chart, possible movement:

faylee faylee
faylee faylee
Thank you for your very good and timely info.
Q: how many Time-Frames are used for calculation of Elliott waves in this analysis?
+1 Reply
From my view

The gold may drop more,

Thank you for your ideal! There could be more down to 1303- 1310 10 months SMA support. BTW if FRB rises rates in Sep. it's a huge buy there, don't miss it please.
I'm in there with you.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out