Mario_PLN

Fibonacci 61,8% - how to get some pips

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
3 things.
1. Swing
2. Time correction (Asia and EU sessions)
3. Swing

Both swings took their finish @ 61% fibonacci retracement . Both swings were made @ US session;-))). Thats how algos often works.

Comments

Thanks. What should follow after that. Lower highs seem to appear George Gold expect 1279 spot lower highs.
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Mario_PLN fhsk2001
@fhsk2001, Tomorrow NFP, Draghi, Yellen. 263 is 61%. If price will get there I will try to buy range 260-263 for another swing up. I will use orders cause price can run pretty fast on those catalysts events. I will not sell unless 61% will be broken and tested as resistance.
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fhsk2001 Mario_PLN
@Mario_PLN, Thanks. It looks reasonable. I hold sell positions but will try to get rid of them with some small profit if possible. Good luck to us.
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