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XAUUSD - Time to cool off?

XAUUSD has enjoyed trading above the 1700 figure for a considerable amount of time. I anticipate price will move back into the 1500's.

Price has similar price action.

The daily moving averages remain in a bearish cross.

Commercial shorts on gold futures are aimed to weigh the precious metal down, as manufacturers look for cheaper gold prices.
Chart PatternsFundamental AnalysisGoldgoldanalysisgoldanalysisigoldtradingTrend AnalysisUSDXAUxaugbpXAUUSD

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