MichaelTawas

XAUUSD, 4h, Short-Term & Mid-Term analysis

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Now gold it's indecision,

Short-Term ( Bullish )
if gold could break support 1466 there is possibility could test the next support in 1453
if bull in power than the market would be tested to strong resistance at 1478

Mid-term ( Bearish )
1478 it's a very good position to taking short
my short target it's 1440 or possible to reach fibonacci target 1417
This could happen if trade war US-China phase one , it's done

Comment below if you have other opinion

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Comment: Support in 1466 it's strong, already be tested 1 time
Now get ready the ride to 1478

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