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ZeroIn_Traders

GOLD LOOKING BEARISH

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
ZeroIn_Traders  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Bearish Patterns Fibonacci Retracement keylevel sellsetup
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trendanalysis chartpattern bearish fibonacciretracement keylevel sellsetup
After last weeks breakout to the upside following the falling wedge formation. I posted the setup and it played out, however I went over Gold on a larger scale and we seem to still in a bearish trend coming into the week of NFP because on the weekly timeframe that bullish move we had on Friday seems to have been a retracement to the 38.2 level on the fibonacci and we have a head and shoulder formation at that level now on the 1H and 30m timeframe. I am bearish on Gold till further notice. Will update as time goes on, stay tuned!

Good Luck.
God Bless!
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