Forexmaestro121

Fib retracement(0.618) Key Area (Bearish Cycle)

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
As we were optimistic on last Friday reversal from $2040-$2042 area that's now at moment 0.618 Fib retracement point as critical point. However ,bullish cycle are aggressive without any indication due to the global political conflicts.$2020-$2042 is the area of consolidation our forecast towards short on medium term till $1982.movever, if $2042 breaks then bullish cycle will be activated properly.

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