amann1

Bearish pole on gold

Short
amann1 Updated   
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
Bias towards the short as this has tested and failed to pass the 200sma on the daily. it has wicked a few time over the passed few days. Also being below the 200ma you would expect it to be bearish. i have added what i think the price action will be like.
Comment:
MACD is also crossing showing downward momentum.
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