Get started
GringoStarr

GOLD 100% Fibonacci Retracement Test of Bearish Trigger

Short
Gold USD per ounce Futures (BIST_DLY:XAUUSD1!)  
GringoStarr  
BIST_DLY:XAUUSD1!   Gold USD per ounce Futures
Trend Analysis Fibonacci
2
0
trendanalysis fibonacci
Gold posted a low of 1890.60 on 21st August before climbing sharply to the 31st August high of 1976.10.

We are now seeing Gold plummeting back towards to the August low which would complete a full Fibonacci retracement resulting in a solid Bear Trigger.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.