Jan gold contract nenstar short term

By the time of posting Jan gold contract have almost hit its November lowest price,

Ideally we are this is a double bottom then a corrective bull rally before a nenstar bearish corrective move ,

current long wiill good profit and loss ratio. with partial cover longs along the way to around 1822

Comment:

if you use 1815as a starting point of X, you will have around 1830 before the start of reversal, that drawing gives you better total fib ratio