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SHORT ENTRY ON XAUUSD

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
LOOKING FOR A SELL IN LINE WITH THE CURRENT DOWNTREND. A BREAK AND CLOSE BENEATH THE CONSOLIDATION BOX, ALONG WITH FURTHER CONFIRMATION, WILL BE A GOOD OPPPORTUNITY FOR A SHORT POSITION TO THE 27 FIB EXTENSION AT 1743. WE COULD SEE A CONTINUATION TO 1719 OR A RETRACEMENT TO FORM A LOWER HIGH AT WHICH POINT WOULD BE A GOOD OPPORTUNITY TO ENTER WITH ANOTHER SELL POSITION.

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