matt.sulli42

Bearish Gold Idea: 2016 Reversal Confirmation

OANDA:XAUUSD   Gold Spot / U.S. Dollar
A convenient upwards trend prior to U.S election for wave two, along fib extension line. A break below LT .618 would confirm downward wave three @ the 1.618 of wave 1. A retest of the final fib resistance level for wave 4, to a sharp decline in 2017 for confirmation of 2016 reversal. Who knows! Good Luck, Matt

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