XAUUSD SHORT

XAUUSD SEEMS TO BE A NICE SHORT OPPORTUNITY AFTER LAST FRIDAYS BEARISH ENGULFING
FORMATION ALONGSIDE SLIGHT BEARISH DIVERGENCE WITH A REJECTION FROM THE 1280 RESISTANCE.

THERE IS A POTENTIAL FOR GOLD TO HAVE MADE A LOWER HIGH ON THE WEEKLY AS LONG AS THE METAL
STAYS FIRMLY BELOW 1280-1290.

I DON'T WANT TO GET TOO CAUGHT UP IN THE BULLISH GOLD RUSH JUST YET AS I STILL SEE FURTHER DOWNSIDE BEYOND
$1080 PER OZ BEFORE THE REAL BUYING FORCES ITS WAY THROUGH!

ANYWAY.. NICE 1:2 RISK REWARD POTENTIAL HERE.

TRADE SAFE AND HAVE A PROSPEROUS WEEK AHEAD.