OANDA:XAUUSD   Gold Spot / U.S. Dollar
Looking to open short entries around 1473 and or 1480 should bulls push harder. Immediate targets would be D1 support, with the expectation that this will break and price will move towards 1430. A bearish bias will be invalidated should price break and trade above 1480. Some will note that there is a descending channel in play, with price currently moving back towards the top of this channel ~1480. This is assumed to be a decent resistance given how this level held as support previously and current price action. It is also worth considering that the current D1 support has not broken yet and price has previously rallied here. For those who pay more attention to patterns, this is either a wedge and or a triangle of some description which price broke out of and is now retesting (HTF).

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