leeweechong

Gold may retest upper channel to form a bullish butterfly

OANDA:XAUUSD   Emas/Dolar U.S.
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1. Moving along newly set bullish trend line .
2. Upper channel coincide with 382 retrace and point (c) of bullish butterfly
3. Continuation of making a flag along upper trend line .
4. Point (d) of butterfly will coincide with TP target of previous idea

This is a short term trade up, then down, then up again if butterfly pattern is formed. Otherwise, bias for gold remains bearish .
Komen: Gold long is looking good. Resistance at 1234 area will be a critical point for this pattern to complete.
Komen: Almost there. Watch for 1250-1252 levels for possible break up or reversal. If it breaks, it'll go to 1260 and higher.
Komen: 300 pips, please take profit and shift your stop loss. If it doesn't turn, it will go all the way up.
Dagangan ditutup: sasaran tercapai: All yours guys.
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