XAU/USD Gold Headed South?

This is not trading or financial advice This is not a time dependent analysis

Trade active

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Short Active $1,505 and if you're ready for some action it's coming very soon in the next days...

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Yes, gold is bull for today on futures price I do expect 1511 or higher before a pullback. www.barchart.com/fut.../GC*0/futures-prices

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I am aware short term risk remains tilted to the downside trendline support and confluence is @ $1465. A breach from $1451 will expose to more downside. A break to the topside above $1524 yields $1558 on the table. Also a key 61.8% retracement off the 2011 record high @ $1586.

Trade active

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Hammer time

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Impulse wave spotted

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Things don't look so bad now for the gold short =)

Trade closed: target reached:

Short Trade Closed $1466 Please Refer To Newest Ideas on Gold. Here's a nugget for everybody -- IF it's below $1,400 It's a no brainer buy. Long Term Gold will test $1,600+