Gold Short (DAILY)

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci retracement 50 previous support acting as resistance
Measured move down from breakout measured to the 0.786 retracement
Conservative target set at 0.618
Expect some slight pullbacks

* Confirming my prior analysis of the head and shoulders neckline break on the Weekly.
Comment: Partial profits taken on the 61.8 retracement level. Watching degree of pullback but still holding for 78.6 level.


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