i think potential EJ long -- On the daily chart price has created a double bottom at the 50% fibonacci level. its also showing up as over sold on the stoch indicator. I've set my stop just below the 61% level and below the 200 ema.
Im going with a gold short because , it lines up perfectly with the 61.8% fib level and it has alway created a double top , while staying under my 200 MA. Furthermore it is showing up as oversold on the stoch oscillator therefore i feel as if this could be a good long term short
Im expecting it to complete the head and shoulders and come out of the trade as it came in, should of waited for it to come down bit and retest the 38% line and got a better entry. i am willing to allow it to drop down to moving resistant which is a 19 pips short before i get nervous,