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ashpreetxo

GOLD rejected 1300 again now it's free fall!

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
ashpreetxo  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Support and Resistance Fibonacci Trend Lines
2
0
supportandresistance fibonacci trendline
1300 has been a major resistance and GOLD is unable to breach that.
Further the long term weekly trendline has been broken and the daily Fib from 1200 to 1300 suggests that GOLD may go on to test at least 61.8% for the time being.
We have our TP at 1250 which seems a major demand zone too for now and our SL is above the long term trendline at 1297.8.
Lets see what all Market have for us!
Happy Trading.
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