njbtrading1
Short

Medium term Gold short

FX:XAUUSD   Gold Spot / U.S. Dollar
54 0 2
Long term down trend. Retraced just shy of the 61% mark and the reversal on the 25/08 began. To enter this market on the long term short side look for a retracement up to the 23.6% from the reversal and short looking for a break of the head and shoulders neckline and the 3 long position stop losses accelerating the price decline. Good Non farm payrolls will also accelerate this move to the downside. Also a 5 and 15 day EMA are about to cross downwards.
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