Gold short - weekly level hold, breakdown and 61.8 fib rejection Short

GOLD / U.S. DOLLARICE

Description

⋅ Feb 12, 2017 2:48 AM

Gold broke lower out of this channel after testing this weekly level to the upside. Prices then pulled back after testing the daily level to the downside and is currently rejecting the 61.8 fib. If we see bearish price action I will enter short