Short Gold now. Target 1307
ShortGold 1318
Stop 1320
Take Profit 1307
After yesterdays excellent trade, I was looking for a retracement but price is flat. It has remained beneath the Fibonacci level
This may not be as rapid as the last move. I will allow 48 hours. On the morning of March 1 (NY time) we have jobless claims
Stop 1320
Take Profit 1307
After yesterdays excellent trade, I was looking for a retracement but price is flat. It has remained beneath the Fibonacci level
This may not be as rapid as the last move. I will allow 48 hours. On the morning of March 1 (NY time) we have jobless claims
Note this is a different FIbonacci diagram from December low to January high
The ascending lines are equidistant. This may extend to 1295. I will see what size of bounce we get from the current down trending parallel