ScottMescudiForex

XAUUSD : IT DID FALL DOWN! (UPDATE)

FX:XAUUSD   Gold Spot / U.S. Dollar
Hey guys,

This is more of an update to a previous analysis we had. We had a good short on gold             before we went long on the rebound. It is now clear that gold             broke to the downside and it's trying to go for our new zone highlighted in our blue rectangle . We could see a bounce off the last FIB or it could go straight down to our preferred zone. PA is always key.

We need to see where this lands before entering the market with a trade. I'll keep you guys posted.

For quicker updates, follow me on Telegram or Instagram

Trade safe!

This was an update to this chart :

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