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DeMarco_Fibonacci

I see two different Scenarios taking place with XAU.....

Short
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
DeMarco_Fibonacci  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Trend Analysis Chart Patterns Fundamental Analysis
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trendanalysis chartpattern fundamental
We may see a small run up on Gold for the time being. The run may drop at 1740 or it may continue to the 1760 area then drop, either scenario I am short to about the 1640-1670 level. As we know, that when gold drops the dollar usually runs up.
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