cgeraghty88

GOLD SELL TRADE IDEA

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi, I'm looking to sell Gold. Price is in a clear uptrend however I feel there is still room for price to finish its correction before resuming in Bullish momentum. Price has respected my micro down trend for the past 4 months and is currently rejecting the 38.2 fib level on the Daily TF and is respecting the 200 EMA on the 4H. I feel this can potentially sell to my Daily trend line at 1711 before resuming in Bullish momentum. Any thoughts?
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