FX:XAUUSD   Gold Spot / U.S. Dollar
124 0 4
XAUUSD             SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING
FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE.

THERE IS A POTENTIAL FOR GOLD             TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL
STAYS FIRMLY BELOW 1280-1290.

I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD             RUSH JUST YET AS I STILL SEE FURTHER DOWNSIDE BEYOND
$1080 PER OZ BEFORE THE REAL BUYING FORCES ITS WAY THROUGH!

ANYWAY.. NICE 1:2 RISK REWARD POTENTIAL HERE.

TRADE SAFE AND HAVE A PROSPEROUS WEEK AHEAD.
Urban Štamcar Trading Coach and Fund Manager at FxcInvesting/Svet Investicij

English website: https://www.fxcinvesting.com/
Slovenian website: http://www.investirajte.si/
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