TradingView
Abdullah_x47
Dec 4, 2016 4:21 PM

Gold overcast Short

GOLD / U.S. DOLLARICE

Description

Oversold. Yet the pair has completed a Fib cycle at 161.8% retracement. It seems that after a little correction the pair might fall and continue its bearish trend. It might be up for another Fib cycle. Seems that it would go up a little for correction and then the downfall would continue. Support and resistance points are illustrated on the chart.
More