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XAUUSD Bullish Retracement Update

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
MtxTrader  
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold priceaction dailyanalysis Support and Resistance horizontal_sr Fibonacci Retracement short Bearish Patterns
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xauusd gold priceaction dailyanalysis supportandresistance horizontal_sr fibonacciretracement short bearish
Price is reacting with a long term Fib level at 1122.84, and moving up to the mid 1170s.

Around the 1170s we have an overlap of two fibonacci retracement levels, and a horizontal resistance level. After a decently strong bearish candle closes from this resistance, I will be shorting gold with a target of 1135, and a second one in the high 1000s as price makes its way down to 1040.
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