GOLD Bearish on 15 Minute Gold Zone Retrace

Gold for me is looking bearish. It has rejected multiple resistance zones. It made a substantial drop and is trading in a tiny range on the 15 minute. After the last drop Bearish continuation patterns in the RSI showed up, It has currently just tagged the Golden Zone on the Fibonacci. Going to look for a break of that beautiful support. We'll see what happens. I have my stop above recent support.

Trade chiuso: obiettivo raggiunto:

Well That Happened quicker than I anticipated. It reached my first target right under the purple zone, Exited two of my trades. The third is there with just above breakeven support. Now it is a risk free trade the rest of the way :)