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XAU|USD - Short Opportunity

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
There is an opportunity to short the XAU|USD on entry into the 1721.00 zone.

- Short entries may be initiated on touch of 1721.00
- Stop Losses should be wide and above the swing high of corrective 1727.65 (Red Horizontal)
- Target Point A: 1680.00 (Green Horizontal)

All remaining target and intermediary support zones to the downside are marked below entry by consecutive horizontal lines (Yellow)