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ZoharCho

Gold seems Bearish at the moment

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
ZoharCho Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Gold
3
1
trendanalysis chartpattern waveanalysis gold
Price is below MA.

The volume pattern seems bearish.
Comment:
Trendline to the downside hold - Smaller timeframe trendline to the upside hold - if it breaks it will continue down.

The volume got a little increased so you need to be sharp to see that the move to the downside behaves like an impulse and not a correction.

If it is a correction we probably will reverse to the upside.
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