Kitkatchat

Short Term Run to the Downside

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Looking for a sell but waiting the breakout (above 1364 or 1160 for the long run)
Inside large yellow box is the consolidation from the daily/monthly
greenbox between the 50-61.8% fibs on the daily
holding between the pitchfork median and below the 50% 4hr fibs
50 (turquiose thick line) and 200 (orange thick line) EMA cross to the upside
1hr trend line down trend possibly to the 1263 area and then run up to 1380+
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