Gold potential short setup and break of ascending 2hr channel Short

GOLD / U.S. DOLLARICE

Description

⋅ Jan 17, 2017 12:13 AM

Gold has pulled back to the .382 fib and key daily resistance (USD 1206.95/oz) where price is currently stalling. I will watch for bearish price action around this level and enter a position on a break down of the 2hr ascending channel.