MTayaib
Short

XAUUSD SHORT SETUP 1347-1350

OANDA:XAUUSD   Gold Spot / U.S. Dollar
I will be looking for reversals to form around 1347-1350 for a potential short. I do see Gold making a retracement to the 61.8-78.6 fib region or make it's way back down to 1275 for a swing higher.
So for potential targets
Target 1: 61.8 Fib
Final Target: 1275.000 (If there is a Weekly Closure below 1275 I will continue to hold).

If I do see any reversal patterns form at the Fibs or a Weekly Close above 1275 I will look to go Long again.
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