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Short

XAUUSD - GOLD DOWNSIDE SHORT OPPORTUNITY: 1200 TARGET

FX:XAUUSD   Gold Spot / U.S. Dollar
1586 0 27
XAUUSD- APPEARS TO BE HOLDING FIRMLY BELOW 1300
THE LAST POINT FOR A POTENTIAL NEW WEEKLY LOWER HIGH.

IF 1300 IS BROKEN, A BULLISH REVERSAL CAN OCCUR. BUT NOT JUST YET.

A BREAK AND CLOSE BELOW 1200 ON A WEEKLY BASIS MAY TRIGGER A BEARISH DECLINE AND A POSSIBILITY FOR GOLD             TO MAKE NEW LOWS BELOW AND BEYOND 1080.

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