GOLD is in a strong downtrend. We can see a strong downtrend line that represents resistance. Also, now we are hitting 0,618 Fibbonaci Level. I think bearish. Next TARGET: 1170
Thanks for your analysis mate. 100 % agreed. I like the confluence of fibo+ trendline. I also think that there is still short (longterm) trend there - so your trade seems in the direction of the long term trade which is cool.
Best of luck!
Best of luck!