AlexxChan
Short

XAUUSD (Gold) Bearish Divergence forming

FX:XAUUSD   Gold Spot / U.S. Dollar
Short Analysis:
As gold             is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold             to drop to 50% fib levels (1070.64) later on the week

Long Term Analysis:
Gold             seems to be in a bullish run. However i expect it to come down slightly before make new highs.

Short @ 1079.47 region
Stop @ 1083.12
First T/P @ 1073.77
Trade closed: stop reached: Bulls are still in control of gold
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