TradingView
yung_alchemist
Aug 21, 2015 10:44 AM

GOLD. SHORT. TECHNICAL POV  Short

GOLD / U.S. DOLLARICE

Description

I believe we could be looking at another leg down for Gold after making consistent swings for a while now.

We have many technical confluences so lets see what happens.
- Trendline bounce
- Capped by 61.8% Fib level
- Stalling at resistance zone
- Formed a new Lower High

1040's Downside Target
More