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chriswbailey

GOLD / USD - Descending channel - Fib retracement - S/R swap

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
chriswbailey  
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold fib retracement short easy money just AN IDEA
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gold fib retracement short easy money just an idea
Previous Support has turned into resistance at C.

1) Breakout, 2) Retest ..... 3) Continuation.

Price action has formed a descending channel... A,B,C

Retracement of downturn into the fibonacci sweet spot... C (Confluent with previous support)

All 3 confluences line up nicely. Watching price closely for signs of a sell!
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