XAUUSD has hit a level on the fib known as the *GOLDEN LEVEL* or 618. We can see price rejecting beautifully of the highlighted zone, but will it hold? I have entered a small short position risking minimal of a 1.5% to gain 10%. With the market slowed and there's minimal momentum I advised to manage your risk and monitor this trade. My SL and TP will be adjusted according to price action.