Fiboholic
Long

Possible Target for Gold

FX:XAUUSD   Gold / U.S. Dollar
309 4 1
XAUUSD             hit fibo arc 38.2 from the last wave on h1 chart, then it retrace from 1619 next to the channel 1592.
Entry buy was from 1592 with possible target to 1625 - 1636 area. This target will be combination of channel, arc, retracement and ext fib. Then we might see seller can make pressure on fib extension 1.274 .( 1635 - 1636 ), but before that we can short at 1626 also for scalp.
For now long gold            

The Fiboholic

Good Luck
by 1550 long for me
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already closed :) before that seller pressure come
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good
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