TiltonKy

XAUUSD Possible Short Opporunity.

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
8
This pair could be forming an advance pattern formation. Or just could be respecting FIB levels. Essentially it is moving nicely and susceptible for gains. I drew my possible predictions of its next move. It was rejected at the FIB .50 for a possible reversal but hasn't been crystal clear as yet. There is a short scalp opportunity. And a long term sell, if price action returns it to the .236 for a retest. If it fails, it will head for the .50 again or retest .382. Watch the candles at these levels for the best possible entry. I would say Head and Shoulders could be the formation at hand. Keep your eye on this pair.

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