FriesianFX

XAUUSD Gold daily breakdown - sell bias

Short
OANDA:XAUUSD   Or / Dollar Américain
Thursday was one of those days, nothing but ranging which was to be expected given NFP tomorrow and the major moves being earlier this week.

To keep this short and sweet - I still expect price top continue down, however, first we need to see a liquidity grab to the upside because we can continue going down.

Overall swing bias is sells. Sell sell sell. 1900 remains my target and I have no doubt we will see it, especially with the current strength of the USD and all it takes is NFP numbers tomorrow to be higher than expected and Gold will be a bloodbath.

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