GOLD (XAUUSD) LONG TERM SELL

27 lug 2017

At the daily chart , a correction to a strong downward impulse has been completed. We have reached the 61% Fib Level that also happens to be a past Support & Resistance level. I don't think the price will make any new highs right now, according to my analysis everything says sell. Take profits were calculated via Fib Extensions and S/R Zones

SELL
Entry: 1260
Stop Loss: 1270
Take Profit 1: 1199
Take Profit 2: 1180.25

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