FX618Analysis

YELLOW METAL FORMING BEARISH RSI DIVERGENCE 4HR CHARTS!

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Have a look at the related links for indepth analysis for XAUUSD pair.

the pair seems to be headed towards the ascending weekly trendline which lies at around 1270.00 level. Tonight's FOMC meeting results will probably decide the fate of this pair and we will wait to see if the H&S pattern will be completed or not. i am already SHORT on GOLD will my TP target lying at 1267.00 level. have a look at the related links for trade entries details. cheers
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