alexkyp

XAUUSD - Gold potential SELL

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
1. Gold was on a bullish run for the past 5 months from 1160.0 to 1300.00, that run faced critical resistance at 1300 psychological line combined with a monthly trendline at this area
2. We can expect a downward trend if it breaks below the 50 EMA at 1285.0
3. Next target is the 200 EMA at 1260