GOLD might ranging for sometime now.. Enjoy

FX:XAUUSD   Gold Spot / U.S. Dollar
118 0 2
#Weekly candle closes with long wicks in the both side, which indicates directional uncertainty.

# Price pulled back under the daily down trendline , with another daily close below the trendline , the latest breakout should be considered as a fakeout, as the trendline in weekly is still intact.

# Short position are preferred as the price continue to form lower lows followed by lower highs.

However, there are bullish momentum in smaller timeframe, so i am neutral on this pair now & wait for a better short opportunity represent itself..
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