Get started
Newmans.Analysis

XAUUSD - Gold - Looking to sell once 3 wave correction is done

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
Newmans.Analysis  
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold XAUUSD short SELL pips decending Fibonacci Retracement
2
0
gold xauusd short sell pips decending fibonacciretracement
Gold broke the ascending trend line and proceeded to drop to 1224 levels. I am looking to stay with the trend once the 3 wave correction is complete. Selling around the 61.8 retracement level ( 1247 ). Placing my stop loss around 1265. Possibly opening up 1200 levels for take profit. Let me know your thoughts on this setup. Thanks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.