MoneyFlowTrader

30 Min Accumulation/Distribution Chart

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Bulls in danger of loosing it all, Breach of $1255 Gold Spot invalidates Inverse Head and Shoulders. Bears pressing to the max. Downtrend could continue to $1220-34 range before a bounce. 15min time frame shows A/D w/ potential Inverse Head & Shoulders, however Strong Head and Shoulders on 30min A/D chart. Watching Gold for $1255 breach will only short scalp from here

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