XAUUSD: Short idea based on Fibonacci Short

Gold/U.S. DollarFXCM

Description

⋅ Feb 8, 2017 1:01 PM

Hi traders,

Here is a private chart just for my Twitter and Facebook followers. I'm looking to enter short at the 50% Fibonacci retracement of the bigger move down, which initiated in July 2016. We also have the 127.2% Fibonacci extension near that area.

Entry: 1248.70
Stop: 1262.21
Target: 1219.98 = R:RR 2.13

Good luck traders! Updates will follow.