Ricky_101
Short

Possible Gold shorts to $1257 300 tick trade

FX:XAUUSD   Gold / US-Dollar
As I have a UJ long in mind, I thought I'd coincide this with Gold            


Reason for shorts, other than UJ longs,

1283 staying above weekly support, however slightly rejecting around 50% fib level.

I believe price could come to 1289 to previous weekly resistance and create a bearish flag pattern.

A measured move clone, lines up exactly at the 100% fib, furthermore the 1.27 lines up perfectly with a strong monthly/weekly S&R line.



Target 1 - 1267

Target 2 - 1257 (300 tick trade)
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