FX:XAUUSD   Gold/U.S. Dollar
27 0 1
Previous Short Setup has bottomed @ 1100.00 (see previous setup). As per early setup: if the price rejected at lower level it can retest the previous high (1169.00) which already broken, then the Fib 50 which recently have been tested for the first time.
I am looking for buying the retrace then Sell @ Bullish target (1195.00 - 1202.00).
Fail to break 1202.00 will initiate the Wave 3 downside move (extended bearish trend ).

Thank you for your feedback.

Regards,
Willy

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