mrsceleste

XAUUSD Short Idea

Short
mrsceleste Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD price is being contained within an ascending channel . Current price has reached 50% fib level from previous swing high. Looking for slight pullback and continuation to 61.8% fib level. Must observe DXY to which this pair is inversely correlated. Trade at your own risk.
Trade active:
Price made impulsive move up after making a very slight pullback. Price is grazing the 61.8% fib level; anticipating pullback to $1240 as noted.
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