On August 13, spot gold wicked up to 4450 yesterday but failed to continue building momentum for an upside breakout. On the four-hour chart, the bearish momentum bars have posted two consecutive declines, favoring shorts this morning.
$XAU Mingyuan 8/13 morning: Short around 4430-4455, targeting around
4385-4340.
$XAU Mingyuan 8/13 morning: Short around 4430-4455, targeting around
4385-4340.
























