XAUUSD THIS WEEK WILL BE BEARISH

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Analysis: By looking at the daily chart of Gold I expect a rally between the 1860$ level and the 1780$ level. The current price level is above the 200DSMA with a few dollars which will give some bearish pressure on the market, but the 50DEMA will offer some support from the 1785$ level. So far the market managed to hit our target at 1850$ (current price is around 1853$) so I closed half of my position earlier. Right now I am planning to go short just as I posted my plan on Friday. (Last week)

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