Sosa_TheForexTeller

GOLD. The 'Fall Before The Rise.

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Focusing on a smaller Time Frame (H4) I can see that Gold has broken the structure holding its uptrend. We will inevitably see some Daily Retracement. Since price is showing rejection ot 78.6% of new structure, we shall target 1.272% expansion level. Price must essentially touch this price reversal zone before it continues its Daily Uptrend. For now, NFP and its aftermath has deemed USD strong against gold, so we are short, and bearish.
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