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Short

GOLD Renko Short Update

FX_IDC:XAUUSD   GOLD / US DOLLAR
68 1 1
Gold             has reversed at 1337.28 and now has formed 3 red bricks, which have passed beneath the 8 EMA . A short position could be considered from here , in line with the longer term logic. Stop loss would be above the 8 EMA .
Comment: Gold has reached the 127 fib extension , with current price 1285. Partial profits could be considered here.

Next target 1274.
Comment: Final target next at 1259 :] .
Trade is completed with target reached :]
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