Short gold at 1319

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Later today ISM and in about 4 hours UMich news
Enter under Fibonacci level around 1319
Note that although we have a steeply descending slope, we have moved up. the ascending slopes, so there is the potential for a move higher.
I will also keep an eye on XAUEUR

Trade closed manually: Within minutes of posting this chart, gold shot up and established price on a higher uptrending parallel . This may be more useful. Target 1.618 fib level at 1332
Stop is the double parallel line.

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