Gold trading in descending Channel

Gold/U.S. DollarFXCM

Description

⋅ Mar 19, 2015 8:38 PM

Gold now is in descending channel, any breakout of 1180 levels will target 1205 levels "38% fibonacci" and my reach even further 1225 levels "50% fibonacci level", any reversal from 1180 level will bring bearish scenario continuation to 1130 levels