GOLD SHORT

30 במרץ 2015

XAUUSD has been in a descending channel for a while now. We can see here that it is continuing to make lower highs and has just broken a CTL on the daily time frame. Price came back to retest the CTL, bounced off the 38.2 retracement PERFECTLY, and now I'm looking for further downside, ultimately to 1100 for a take profit area.