chartwatchers
Short

GOLD's daily cycle low- levels of pullback

FX:XAUUSD   Gold Spot / U.S. Dollar
159 1 10
Friday GOLD             was on day 20 - it's a possible daily cyce top so it can start moving down into the daily cycle low.
The possible levels:
Level 1 : 2015 May Intermediate Cycle High (1232) Friday correction was able to come back to this level
Level 2 : Bear market trend line test back (1200-1210)
Level 3 : 2015 October Intermediate Cycle High (1191) + 10 EMA I think this correction should come back at least to this level.
Level 4 : 20 EMA (Friday it was 1156,4)
Level 5 : Fibonacci 50% (1154,5)
Tonight we break through the 1st level at 1232.
Now we are testing the bear market trend line at 1209
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