bhowe
Short

GOLD XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
159 0 3
Gold             , XAUUSD             is primed for a pullback. Starting to see long wicks that indicate that the bulls can keep it going. Could be the CD leg of a Harmonic pattern starting. Looking at the RSI the commodity is very over bought over 80, close to 100. If this is the start of a bull market then we probably wont get a big pullback. I'm looking at 1181 or 38.2%. This should give enough time for the RSI and %R to get back to 20-30.

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