Gold XAU/USD 8/10/17 *It will not fall further than $1,240

I am Slightly Bearish for now.

Overall, we are still on the bear side and last Friday move causes a nice wick on the weekly candle.
That shows the first sign of bulls are fighting back and it also proves that 1,260 regions is a strong support.

The slide of USD may be ending soon and it is unlikely for gold to go below 1,240
We have FOMC on late Wednesday.


Trade Safe.

S0nic