XAUUSD - 75% SHORT / 25% LONG

28 Nov 2018

SHORT BIAS

WEEKLY:
- BREAK OF ASCENDING TL
- BREAK OF HIGHER LOW
- FIBONACCI RET APPLIED FROM "H" - "LL"
- WEEKLY BEARISH ENG REJECTING 38.2% PRZ
- MAs TO THE DOWNSIDE

DAILY:
- MAs DOWNSIDE
- BREAK OF HIGHER LOW
-BREAK OF ATL
- FIB APPLIED FROM HIGH TO LOW
- BEARISH ENGULFING FOLLOWED BY SHOOTING STAR PATTER REJECTING DTL

4 HOUR:
- H&S BREAK OF NECKLINE
- MAs TO THE DOWNSIDE


TARGETS
1211.70
1205.50
1198.15
1180.00


LONG BIAS

THERE MIGHT BE A TRENDLINE BOUNCE WHERE PRICE COULD GO HIGHER BEFORE COMING BACK SOUTH



SEE ALSO PREVIOUS XUAUSD PUBLISHED ANALYSIS