FX:XAUUSD   Gold/U.S. Dollar
Gold             in its daily time frame has retraced from 0.5% fib level, potential ABCD pattern forming, don't really use ABCD on my charts but I thought id add it on.

This pair has been fighting for the 1200 level with but with last weeks strong bearish move I believe it could been broken.

It is also under the 200ema, in a bearish channel , and almost under the ichimoku cloud , even the around a cloud twist is needed.

First target - 1142

The other two red line's are potential D extension levels.

Will be volatile next week as there is a lot of US new.
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