Do You Short GOLD ?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello, Traders!
Monfex is at your service and today we overview XAU/USD.

What do you expect from Gold?

The classic pattern inverted Cup & Handle here. And XAU for now at the support zone 50% Fibonacci. Expect fallin at the 61.8% level and testing of 50% and in this moment it will be the best place to open short position.

Share your thoughts, ideas about the market under the chart.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Nov 08
Trade active
Nov 12
Trade active
thanks you, done target 1
Very nice!
+1 Reply
Monfex PeacefulWarrior
@PeacefulWarrior, yes, thanks!
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