aceofswords
Short

SHORT XAUUSD on a sustained breach below1333.50 ;0)

FX:XAUUSD   Gold Spot / U.S. Dollar
151 3 1
Geo-politics aside [Currently Gaza             conflict] Technically, a sustained breach of 1333.50, would open up the possibility of a SHORT, initially down to a target of 1307.60, which incidentally/coincidentally represents a 50% retracement of the up-move that began on 28th June 2013 and peaked at 1433.61 ;0)
Correction.......1307.60 represents a retracement to 0.382% fib of upmove that began on 28th June 2013 ;0)
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good analysis IMO thanks for posting.
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aceofswords hoerdewhapper
Cheers buddy, looking forward to seeing this trade perform well! ;0)
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