fxtrader66
Short

Gold is there one more push higher to short

FX:XAUUSD   Gold/U.S. Dollar
316 1 6
It looks like gold             is making an ending diagonal. If this is the case, I believe gold             will try to test the 61.8 fib which happens to be in confluence with 2.618 fib estension of wave 1. I believe if price makes it up to 1364 it would offer a nice short opportunity to support below.

Alt - I am looking to buy gold             on signs of support at the lower TL with a limit at 1364.

fxtrader66
3 years ago
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