XAUUSD - Looking for the retracement Short

Gold/U.S. DollarFXCM

Description

⋅ Aug 6, 2015 5:08 PM

Price touched the 200 EMA on 1h chart, so I'm looking for the retracement.

TP fits in nicely with the 61.8 fib (not on chart) with SL just above the high in the resistance zone.