Short Gold at 1267 level after conformation of Price action reversal signal!
Reason for shorting:
1. Trend line broken
2. Strong long term Resistance
3. Strong 200d moving average resistance
5. 50% fib retracement
Target
1. Harmonic ABCD leg
2. fib 1.618 extension
3. Next Support zone
Short Gold at 1267 level after conformation of price action :)
Reasons for shorting
1) Trend line broken
2) Strong long term resistance
3) Strong MA200 resistance
4) 50% retracement
Target
1) Harmonic ABCD leg
2) 1.618 extension
3) And also next strong support zone
