First time using Fibonacci Retracement.

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
From my indicators it appears to me that the trend line and Fibonacci percentages show we will be continuing the downtrend. I entered will a sell and would like some feedback on this.
Comment: Update! The Trend is respecting the percentages and downward movement! I have adjusted my stop loss above the 50% mark @ 1831.10


Lovely chart, any more analysis coming?
+1 Reply
@Investroy, thank you for that. Of course.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter