UnknownUnicorn99356

XAUUSD (GOLD) Potential Sell Zone - 18th June 2015

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently moving up, and i thought i could give some levels we can trade from.

Note that in the zone between 1205 - 1210 we meet the following:
  • Trendline in daily chart (downtrend)
  • 0.618 Fibonacci Retracement from 1232 to 1162 leg
  • 1.618 Fibonacci Extention from 1162 to 1189 leg
  • 200 Moving Average at Daily Chart
Look for a price action sell signal or a bearish harmonic pattern at that zone.
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