Kautilya
Short

GOLD - Inverse Head and Shoulder Pattern.

FX:XAUUSD   Gold Spot / U.S. Dollar
190 1 0
Inverse Head and Shoulder pattern. Expect a throwback to 1248 / 1250 ( which would be good entry point to short) and then resumption of downward trend.. Initial target 1179/1180 and has potential to go down further.. may be below 1000.. but lets not run ahead of ourselves :-)
i goof up with Pattern names.. but should be OK.. downtrend will still go..
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