FahimLatif

Possible reversal on XAUUSD

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
After the massive spike on the pair, Gold has found resistance at the 1345 price region. Market pushed up again but breakout of this region wasn't successful, giving us a nice divergency on the RSI indicating a possible bearish market coming in. However, I won't personally go short on this pair until it drops below 1337$. Breakout of this price also means breakout of the 1h trendline and S/R level formed recently. Decent r:r, targeting the 38.2 Fib level (1321)
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