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XAUUSD SELL

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#XAU/USD# XAUUSD SELL

OVERBOUGHT, GOLD EXPECTED TO TEST SUPPORT.

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Reason to go long: 1.Price action forms a higher low at the 38.2% with strong bullish setups. Look to target toward prior highs and key resistance levels. 2.Price action pulls back to the 61.8% fib level. Look for a bullish transition with strong bullish setups. Target higher toward key resistance and the -27% fib level.
The bulls need to take out the stiff resistance around the $1945/50 region for a sustained move to the upside.

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