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D707

Gold near term weakness

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
D707  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
3
0
trendanalysis chartpattern waveanalysis
Friday's reversal suggests near term weakness in Gold
Two scenarios I'm watching in gold:
1- Retrace to previous swing low 1375, find support then up to 1485-1503
2- Retrace to the triangle trendline around 1350, find support then up to 1485 - 1503

** Just an idea NOT a forecast

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