XAUUSD - GOLD DOWNSIDE SHORT OPPORTUNITY: 1200 TARGET
XAUUSD- APPEARS TO BE HOLDING FIRMLY BELOW 1300
THE LAST POINT FOR A POTENTIAL NEW WEEKLY LOWER HIGH.
IF 1300 IS BROKEN, A BULLISH REVERSAL CAN OCCUR. BUT NOT JUST YET.
A BREAK AND CLOSE BELOW 1200 ON A WEEKLY BASIS MAY TRIGGER A BEARISH DECLINE AND A POSSIBILITY FOR GOLD TO MAKE NEW LOWS BELOW AND BEYOND 1080.
TRADE SAFE!
THE LAST POINT FOR A POTENTIAL NEW WEEKLY LOWER HIGH.
IF 1300 IS BROKEN, A BULLISH REVERSAL CAN OCCUR. BUT NOT JUST YET.
A BREAK AND CLOSE BELOW 1200 ON A WEEKLY BASIS MAY TRIGGER A BEARISH DECLINE AND A POSSIBILITY FOR GOLD TO MAKE NEW LOWS BELOW AND BEYOND 1080.
TRADE SAFE!