XAU/USD Gold Daily Update (5/8/17) *Bear Very Likely

We can see that there are more and more possibilities of going down, strong bearish engulfing candle is also a plus.
Now the only level that support is 1252, so that level will be a great support region for now.

In my opinions, once 1252 is broken strong. it shall go to 1244 and even further.

So for now, do not LONG at this moment. It is better to be on SHORT side for now.



Trade Safe.

s0nic



Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.