$XAUUSD #Gold Bearish Butterfly Weekly

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Bearish Butterfly on XAUUSD . Entry range until 1567.94, above invalid. Target 1366.06
Trade active: The market is challenging the 1,485 support above the 50 SMA. A break below the level can open the doors to a selloff towards the 1,400 figure.

The first level of resistance is likely the 1,520.00 resistance followed by 1,560 near the 2019 high.
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