XAUUSD bearish entry based on fibs Short

Gold/U.S. DollarFXCM

Description

⋅ Jan 2, 2017 8:36 PM

Hi traders,

On the XAUUSD I'm looking to enter short at 1217 based on the 50% Fibonacci retracement and the 38.2% Fibonacci retracement.
Entry: 1217.29
Stop: 1267.60
Target: 1129.23 = R:RR 1.75

Good luck guys!