HOOPFOOD

Gold outlook update

HOOPFOOD Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I'm staying short in my positions and watching to see if Bulls push up past the resistance. A extension would put us back in the mix. I placed the stop just a bit higher that the extension zone. I'll keep my short and see if this is a trap for Bulls long term. A correction was bound to happen after such a sudden drop.
Comment:
Strong possibility of another extension up coming. I'm moving stop I really believe this is going to fall hard hard after these waves up.
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