LADEEc57

$XAUUSD Possible Short Trendline Rejection

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price closed above weekly 50EMA, but closed at descending trend line, failing to break above that level, citing possible reversal on expectation of fourth trendline rejection with LH. A failure to break above trend line will show price action continuation of bearish trend. Supporting this theory would be USD dollar index $DSXY reversing it's slide from current levels as it too is at a reflection point. The powers that be have to prevent a further slide in $DXY.

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