Gold

19 בינו׳ 2017

The corrective rally from early December has stalled at the 38.2% Fibonacci retracement level of the previous downmove (1375-1123). The previous congestion area and daily Ichimoku cloud added weight to fading this move and with the weekly candle forming a shooting star, our idea looks to set shorts at good risk/reward levels. We look to target an initial move to $1175