Gold update - TF 4 hr Price is possibility rebound wave 2

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
82 3
Now I bias short position because fundamental bias down trend more than uptrend.

Because Nonfarm payroll is very good.

I think Price rebound to be wave 2

Short price 1248-1253 (Fibo 0. 5-0 .618)

Stop loss when price break high around 1265

If I assume right price continually down to wave 3

1st target price 1317 (Fibo extension 1.618)

2nd target price 1297 (Fibo extension 1297)

And last wave 5 maybe finish wave at price is 1277 or 1265

Thank you

Dollar look like trend up continually.

Indicator support
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