Marenno

$XAUUSD Trading Plan - Monday

FX:XAUUSD   Gold/U.S. Dollar
Good time of the day Everyone, just rehabilitated from my seasonal illness, and came back to work, sorry for not posting for a while.

Ok at the moment I'm looking for a retest of 1172 area and is going to enter long at 1135 area, if price action confirms with a stop loss below 1120 area.

Daily Resistance area has been broken, however it's not yet confirmed but my trading plan is around this subject.

Colored fibs are the resistance levels of the most recent downswing, and grayed are the opposite - supports of the most recent up swing.

Not trading actual levels - but areas, so there are a bit more lines then usual.

Any questions, critics, etc - will be glad to comment!!!

Sincerely!!!
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http://marenno.com/index.php/counting-option-levels/

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