GOLD SHORT - LONG TERM

Price seems to reject my 50% fib level and I think its a good shorting opportunity going long term. Also, price seems to have broken out of the previous bullish wave and has since retested the previous support- now new resistance.
MY ENTRY PRICE IS AT $1572
INVALIDATION LEVEL OF $1600
LONG TERM TARGET AT $1182
i.e. for those who asked if I could post my idea when I make my short entry.