Gold has broken below the price of 1930.00 yet again, which has been a key price turning point based on current trends and indicates potential bearish structure.
Using the Fibonacci method I am entering a sell at .75 or 1927.00/1926.00 and taking profit at 1913.00. If the pairing continues downward I will re-enter at 1906.00 and TP at 1889.00. Support price is 1879.00.
If XAUUSD fails to reach 1927.00 my previous bullish chart will come into play at 1950.00
Remember to continue trading safely in this volatile market.
Using the Fibonacci method I am entering a sell at .75 or 1927.00/1926.00 and taking profit at 1913.00. If the pairing continues downward I will re-enter at 1906.00 and TP at 1889.00. Support price is 1879.00.
If XAUUSD fails to reach 1927.00 my previous bullish chart will come into play at 1950.00
Remember to continue trading safely in this volatile market.
