CASE FOR GOLD LONG: BULLISH BUTTERFLY
Just got another harmonic pattern formed today on my MT4. It is a bullish butterfly. this is only valid if gold stays above $1204. Gold also needs to break $1220. Daily pivot is $1218.
For targets i would look at $1240 for tp1.
SL should be under $1204.
For targets i would look at $1240 for tp1.
SL should be under $1204.
Note
best strategy this week is to just trade the adv nfp and friday nfp trend and close profit at the end of each NY session. good luck!Note
$1245 is my channel high on H4 Chart. so $1240-1245 is possible before any potential downward movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.