OptimoomFX

Gold- Bearish scenario back in play

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In yesterday's comment, I said that Gold can correct, and it did. After reaching a low at 1741, XauUsd started to rise and went above 1765. However, the rise was anemic and without power.
The medium-term trend is strongly bearish and I m looking to sell rallies.
A spike above 1765 is not out of the question, but I believe this will be a false break just to clear SLs .
1740 can be the target for bears with price above 1785 negating this scenario
Trade active: Opened short from highlighted yellow zone

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