Moshbi

Gold long setup

Long
Moshbi Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Here is good long opportunity. On weekly chart you can see Cypher pattern (i will post it to comment) which has 78,6% on the same place as entry of Butterfly pattern on 60 minute chart. This is good confluence of 2 patterns on same price. I don't trade weekly chart so i will handle it like as trade on 60 minute chart.
Comment:
As i promised, here is huge Cypher pattern on weekly chart.
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