LuisLizama

Gold XAUUSD Bear run might occur!

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Alright these past 2 days have seen golds price run stagnate a little bit, and the time to blow off some off this bulls steam is now since we are due for a correction of some sort. Dont worry though because this is a healthy part of the market, and is expected. Now the last major level falls exactly on a FIB level near $1234. I expect this level to be tested in the coming few days and or up to a month. Also with Stock markets somewhat stabalising and the FED being a little more cautious about raising the interest rate, it is NATURAL and very EXPECTED to see gold's price decrease.

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