Chuck-Norris

Xau/Usd $$$ Gold - short term setup

FX:XAUUSD   Gold Spot / U.S. Dollar
Note$

-I was hesitant to short gold             mostly because of tensions with North Korea, however IMO             any military escalation from now on is unlikely. Market got used to North Korea shooting wanna-be-ICBMs and missiles every now and then.
-I expect gold             to be losing value til next friday
-US inflation data next friday might push Gold             up a bit (as per labor report I expect weaker inflation ), however I think it will hit top of current downtrend channel followed by further decline
-Any new info regarding Trumps tax reform might confluence or diverge with this setup
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