FX:XAUUSD   Gold Spot / U.S. Dollar
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Two days ago, we have already pointed out that the 4-hour chart as a form of Double bottom after prices came down hard during the week, at this time, prices have risen around 1290 to 1293. When we draw the Fibonacci Line then we can expect the price to be run in the future. The first target price would be running for the 1296 and if It has power price may be over the price in 1303 for extension. Price is 1296 was the area of the EMA 200, which technically. this is a significant reversal or bounce. But remember that the four hour chart is the downward trend. For advice on dealing If the price can not run to the frist target is 1296 then has reversal signal such as Dark cloud cover or Shooting star . Investor can open order sell.
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