Loii
Long

CASE FOR GOLD LONG: BULLISH BUTTERFLY

FX:XAUUSD   Gold / U.S. Dollar
156 0 7
Just got another harmonic pattern formed today on my MT4. It is a bullish butterfly . this is only valid if gold             stays above $1204. Gold             also needs to break $1220. Daily pivot is $1218.

For targets i would look at $1240 for tp1.
SL should be under $1204.
Comment: best strategy this week is to just trade the adv nfp and friday nfp trend and close profit at the end of each NY session. good luck!
Comment: $1245 is my channel high on H4 Chart. so $1240-1245 is possible before any potential downward movement.
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