GOLD in a REVERSE ZONE, Correction Expected To Last High..The bearish Butterfly pattern is indicating a possible retracement for the GOLD to reach the precedent high reached in year 2011.
When the market will go up again and break the blue horizontal line , the next target is clearly the next Fibonacci Level which corresponds to 2179.1 price.
the Butterfly pattern may be a failing pattern , but the two last candles are comforting my idea. However, we are talking in terms of percentages, so Always keep an eye on volumes and detecting icebergs.
