Looking for shorts next week on Gold.
Last week it had its pull back or consolidation and I will be lookng for the next push down towards my first target of 1285.
Price has formed a pin bar on the 4hr and seems to be ready to sell off.
There will be a break down of the the lower time frames in the comments below.
Daily Time frame there was a bearish engulfing pattern on Thursday so will just be looking for price to regain momentum to go again.
Overall targets of 1263.
Once we get to this area I will be looking for longs as price should be in the region of the bottom of the Weekly Channel.