Gold is in a down trend.
Price has moved down and now retraced back to the 61.8% Fibonacci level.
Chart below:
Price has this morning broken down with the trend and I am looking for a short position with 0.5% risk.
Level and Chart below:
Entry: 1384.00
Stop Loss: 1393.00
Target: 1339.00
I will update again should the trade be triggered.
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