OANDA:XAUUSD   Gold
47 0 3
The corrective rally from early December has stalled at the 38.2% Fibonacci retracement level of the previous downmove (1375-1123). The previous congestion area and daily Ichimoku cloud added weight to fading this move and with the weekly candle forming a shooting star , our idea looks to set shorts at good risk/reward levels. We look to target an initial move to $1175
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