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Macrobriefing

Gold $1680 Short

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
Macrobriefing Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Chart Patterns Trend Analysis Technical Indicators Gold XAUUSD dollar chartanalysis Double Bottom Forex Commodities preciousmetals
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chartpattern trendanalysis indicator gold xauusd dollar chartanalysis doublebottom forex commodities preciousmetals
We had a higher time frame Inside bar print last week.
Today the PA has pushed through the high of that IB and is now flirting with the idea of coming back into the range.
If successful the bears should target the double bottom and all the buy stops down there.
Comment:
Bears clearly not in control today as dollar demand drops.$1610 still on the cards but this trade would not have worked out for me if I had taken it.
Comment:
going to need a reversal in the direction of the US dollar for the XAU to come down and test $1600

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Gold $1600 looks vulnerable
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