arash_summe
Short

XAU/USD Possible Bearish

OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we had Expected before the price reached to the 1258.061 level. Pattern seems to be completing the b-wave of a zigzag . we have possible support lines at the 1234.396 ( 38.2% Fib retracement) and 1226.908 ( 50% Fib Retracement) levels. If the movement of the trend is strong it will be quite possible for the price to reach to the 1226.908( 50% ) level. It is wise to consider 1249.719 level as a possible rise point before fall.

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