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JuanEnriquezQ10

GOLD (XAUUSD) LONG TERM SELL

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
JuanEnriquezQ10  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Fibonacci
6
0
trendanalysis supportandresistance fibonacci
At the daily chart , a correction to a strong downward impulse has been completed. We have reached the 61% Fib Level that also happens to be a past Support & Resistance level. I don't think the price will make any new highs right now, according to my analysis everything says sell. Take profits were calculated via Fib Extensions and S/R Zones

SELL
Entry: 1260
Stop Loss: 1270
Take Profit 1: 1199
Take Profit 2: 1180.25

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