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FenixCapital
Jan 22, 2018 3:13 AM

Gold Return to Mean Short

Gold / U.S. DollarFOREX.com

Description

Entering oversold territory with a strong bearish divergence on the 4H, expected to play out the same way as the pattern on 08/09/2017. Target is the 0.236 fibonacci line (formed from the top at 1900 and bottom at 1050) which coincides with an uptrend generated by the last bearish retrace.
Entry: 1340
Target: 1260
Stop Loss: 1352`

Trade closed: stop reached

Comments
piptamil
Thank you
FenixCapital
@piptamil, You are welcome
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