HELLO TRADERS, MY ANALYSIS ON GOLD.GO SHORT IN THE 4HR TIMEFRAME
USING PRICE AND THE FIBONACCI RETRACEMENT, A BEARISH HARAMI OCCURING AT THE RESISTANCE INDICATES AN OPPORTUNITY TO GO SHORT... CHECK MY ANALYSIS AND DECIDE AT YOUR OWN RISK. THANK YOU
Trade closed: stop reached:
I DO BELIEVE GOLD IS GOING TO RESPECT THE 0.238 RESISTANCE LEVEL. USD NEWS WAS RELEASED THIS AFTERNOON WHICH CAUSED A FALSE BREAKOUT. THE STOP LOSS WAS REACHED HOWEVER I DO BELIEVE IT IS STILL SAFE TO GO SHORT. THANK YOU