yashvantbaria

XAU/USD Short pending

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
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6
XAU/USD
Set up.
From a technical standpoint I do see Gold running to 1320.00. seen as 61.8 fib level which price is magnetised towards. 1320 is also lined up as previous support stretched as New found resistance only if price can react at that radar. I'm looking forward for price to react at that level. My bias is to take a short there once price shows me rejection but as for now I'll let price race up to 1320.00.