myrichtraders

XAUUSD before US OPEN

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
We can see the rally retracement already exhausted. Fibonacci rally near reaching 261.8 / strong critical resistant there. XAUUSD looking for high liquidity at level 1222 something. Wait for some momentum after the price reaching 1222 +- and target to 161.8 short fibonacci.

I choose to go short at 1222 level. You?