Gold Spot / U.S. Dollar
Short

Gold XAU/USD (28/10/17) *Bears are winning

878
I am Bearish.
The Weekly candle is pretty much in the bear side but it is likely to go lower again. We have FOMC in the next week. It may be a trigger to break 1,264 level. It may swing to 1282 or 1290 level but they may turn out to be very nice short locations.

1,266 region is supportive and 1280 is resistant.



Trade Safe,

S0nic

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.