FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Gold is at a very tight range and is pricing in a heavy upswing in U.S Stocks for SPX. There are zones underneath where the 3 bottoms are but there's not enough price action to create a new zone. That means that those three bottoms could be easily broken for a 100-150 pip short movement if stocks start off strong next week. If the zone breaks to the upside there's more caution and I will only take scalps in those areas. I will update this setup next week with exact order stacks, should be a very good trade.
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