scalpking
Short

GOLD HEADING TO THE DOWNSIDE

FX:XAUUSD   Gold / U.S. Dollar
SHORT GOLD            

3 touch downwards TL( trendline ) and also a S/R ( support & resistance ) at the 1329             mark. The market pushed itself to the TL to anticipate for the 3rd touch BUT ended up holding and fell back down. It's currently headed towards the 1329             S/R and from my perspective, its going to close below and that will be our indication for a nice short up to the 1208 area.

1244.45 has another S/R( support & resistance ) so once we could expect it to hold at that level and bounce from there then proceed to drop , OR if it breaks... it'll proceed to our initial long term target at the 1208 area.
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