Gold Short to 1300.00 Before Going Long
XAUUSDXAUUSD - Short Bias (Short Term)
Right now Gold is at 1306.96. With Price failing to break past the red moving average. Price is currently below the Red moving average.
We had a rejection off of 1325.00 which is also the Quarter Key level.
We are currently in a Bullish Flag pattern as well.
So my bias is that price action is going to reach 1300.00
Once it reaches this level - we will see if price actions wants to form resistance and start going long.
Penafian
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