ForexForensic

Gold D1 analysis

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
Clues
Price has entered previous demand zone
RSI is overbought and showing bearish divergence

Set-up
Waiting for Candle Break Retest (CBR) set-up

Take profit
Fib .5
Fib .786

Invalidation
Daily close above 1358 will invalidate the idea
Trade active:

Candle break retest completed.
Entered @ Fib .786
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