Bandarsq
Short

Bearish Butterfly

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold hit the upper trend of the channel and, at the same time, completed the bearish butterfly . My first target is the midline of the channel.

Cheers!
Nice prediction, looks like it's going to work out! Cheers
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@bhowe, It seems so. let's see how the week closes.
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Looking for a bear move in the D1 chart looks like a big bull cut today is its closes like this. Cheers
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Bandarsq Kingzman
@Kingzman, Tue I think 1360 is possible for now.
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Good job spotting that pattern. 1.27 should be top , but could go to 1.618
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@bhowe, Thanks. I could stretch it up a bit to meet 1.27 but as you know it's not a perfect world :)
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I’d be careful on this since dxy hasn’t see a bottom yet
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@Cornhub, You're right but I think Gold hit resistance and could retrace.
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thank you for your chart sharing and I want to show you my analysis and I want to know what you think ?

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@iSaleh, You are welcome. If it's a valid breakout then it needs to backtest imo.
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