Gold Spot / U.S. Dollar
Short

XAUUSD-Decisive moment-Trading the ZigZag

According to my previous long term analisis:
XAUUSD-EW-very  interesting long term projections


I assume gold is develong a long term ending diagonal, a 3-3-3-3-3 structure with internal ABC patterns.

The price now is about to break this level o may be we can have some rebound.

So, I will trade the last zigzag putting a sell stop order below the (A) level.

Targets are 1.27 and 1.61 fib projections.

Best regards

Disclaimer