decentshaw

Gold: Bulls are loosing steam

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As per my last analysis published on TW , i identified the Head and shoulder bearish pattern and defined targets of 1960 and 1950. Which are achieved approximately.

As of current chart structure, the Gold is making Lows now. Lower Lows and lower Highs. The bullish momentum has lost the steam .
Resistance level 1980-1982 will be a hard nut to crack. Every touch will provide opportunity to sell.
I am in selling and my Targets are 1952 and 1932 Levels.
Good Luck and let me know how do u see gold in this week
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