ali.se.18
Short

Confirmed Recoil

FX:XAUUSD   Gold Spot / U.S. Dollar
Resistance at 1266 worked very well here. It tried twice until it recoiled back to 1261.

Also Longterm-Weekly-Downtrend (Blue trend line ) is showing its potential here, which also supports the idea of a strong resistance area at 1266.

I would consider a short position here. If you want to go the safer way then place an order at 1258.
In my opinion the released US Market Datas are not strong enough to argue with the resistance at 1266.
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