TradingView
salsapete
Dec 19, 2016 9:15 AM

GOLD short Short

FX_IDC:XAUUSD240
GOLD / U.S. DOLLARICE

Description

⋅
Wait for gold to make a significant (.618-.666) retracement of recent swing , to enter short.

Point of invalidation is above swing high @ 1166

Target is 1117 ( .786 retracement of the next degree higher trend)

Risk/Reward = 2
Fibonacci Retracement
More