1050$ For a bounce

FX:XAUUSD   Gold Spot / U.S. Dollar
99 1 5
1087$ is 50% retracement from the bottom September 99 to top September 2011@1920$
Gold             closed twice in weekly below this level.

Gold             seems to go south to re-test the yellow trendline (1050$ zone).

Next Fibo 0.618, stands at 890$
Comment: Target Reached
Comment: Wait for a break of the yellow trendline to enter short
Expect Quick Sell-off to 940$ zone
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