iamkasimkhan

Gold retracements. Entry + Exit.

OANDA:XAUUSD   Gold Spot / U.S. Dollar
After yesterday’s successful breakout of the channel gold had rocketed, I added fib levels to my chart as I see this climbing back to 1600.

I’ll be entering at the break of levels and at the rebounds today.

Good luck.

Comments

@john_fallon, at the moment I have been trading according to the fib levels buying at the rebound and selling at the break, at the moment I am neutral due to the uncertainty around gold for a long term entry.
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Can we ask you for an quick update on your thoughts?
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Playing out nicely between the fib levels for scalps and between the ma and bb waiting for a clean break of a fib level to enter king or short
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