thenry

Bears busy designing Trap over weekend.

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Long term Bearish, but am looking for a correction this week.
Last 2 moves up have been a 61.8% retracement. They both have
been fairly sharp and quick. Suspecting this move will be similar.
I don't want to see the yellow trendline touched. If that happens this
analysis is wrong! Know it is going to try extremely hard to break it.
Note: It's also making a Fantastic "Head & Shoulders".
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