Gold in bear flag in H1After breaking the trendline Gold is moving in a bear flag, potential break to the downside will bring 3000 to the question and tomorrow's positive move from Fed will break this level to erase all the gain from last weeks.
Xauusdshort
short at 1249.80 tp-1229.80 stop-1256 profit booking continue , we saw xauusd over sold till Friday so,
Gold got a Support !!!!!!!!!!!!!!!!!!!!!!gold has hit the trend line finding support for the third time will this support end the downtrend
here is my outlook for gold
there is good support by the trend-line and as well as 50% fibo (1210.07)
on the uptrend targets 1249.25 and 1275.06
alternate scenario if market breaks lower of the trend line and fibo 50% , expected of a breaking down with targets 1182.58 and 1153.27
CHEERss!!!!!!!!!!!!!!!!!!!!!!!!!!!!
