FXBen
Short

GOLD LONG TERM SHORT TARGET 1044

FX:XAUUSD   Gold / U.S. Dollar
SO AFTER THE HUGE MOVE DOWN IN GOLD             WE COULD SEE OPEN FLOODGATES NOW WITH NOONE WILLING TO BE BULLISH AND HEDGEFUNDS DUMPING ANY LONG TERM LONGS THEY HAD.

YOU CAN SEE THAT THE -61.8 FIB EXTENSION GIVES BEAUTIFUL CONFLUENCE WITH KEY SUPPORT AT 1044. I NOW HAVE THAT AS MY LONG TERM TARGET AND WILL BE MONITORING FOR ANY CLEAN SETUPS TO GET IN. THE NEXT KEY LEVEL DOWN IS 1085 WHICH WAS SPIKED AND A BREAK AND RETEST OF THAT PRICE COULD BE THE ENTRY WE ARE WAITING FOR
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