Gold, now trading below the major support forged at 1764 and approaching the bullish butterfly pattern completion point projected at 1711.
The pattern, if formed, will suggest a bounce towards the daily fractal resistance positioned at 1816 - the 38% fib (+6.15%)
H1 => SELL
- Structure: Downtrend forming
- Tendency: Downward
- Below support
- Sell: I am already in this trade,
but if the price go to touch the tradeline you can take this trade.
- TP1: 130.65
- SL: 132.70