OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is still pushing downward making it a Bearish market still and it doesn't seem to be changing. It recently had done a fake out and now there is strong respect on the Red daily trendline. Using the fibs to dictate where TP should be.
Trade closed: target reached


Below T line but still above your Support. I think you grabbed the tiger by the tail here.
@gremic yea actually I noticed that the support hasn’t been broken just yet, if respected then it’s a fake out and it’s gonna head towards the upside
+1 Reply
Nice analysis
@Saeed966, Thanks!
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