As can be seen in the chart it is used a Fib Retracement on the 1H chart. That gives us a bigger picture of the GOLD's trend, additionally can be concluded that we are now at the level of Fib retracement of 0.618, meaning the probability of going in our direction (short) is highly likely.
In that sort of speaking, entries from 1830-1834 are looked up and trading...
