GOLD possible short.
GOLDH4:
- Currently at the 38% fib rtetracement with some divergance showing.
- Lower TF also showing the same divergance at this level.
- Ever since break below this price range, we've been unable to see a break above which indicates a new resistance level .
- Expecting the price to now drop with three possible targets.
Entry within the red zone on the 38% retracement.
Stop loss at the 50% (1565.60ish)
Target1 -> 1548.80 (874)
Target2 -> 1536.21 (2135)
Target3 -> 1515.45 (4211)
Not an experienced trader and just my outlook for this pair, any advice would be appreciated or any other views to compare against would also be a good help.
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