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aceofswords
Jul 25, 2014 4:55 AM

SHORT XAU/USD Short

Gold/U.S. DollarFXCM

Description

Fib lines drawn from the low in 2008 when financial services firm Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. [The filing remains the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets].
We have just dipped below 50% retracement from the peak on 5th September 2011

PRICE WILL ALMOST CERTAINLY AIM FOR A TEST
OF THIS [LOWER] TRENDLINE [If breached we can
expect 1200.00 to be targeted]
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