Short Gold

Updated


Looks the target was hit 1847 - Looks like they'll try to move value up to 1847 - if so that might take some time, basically all day.

Fairly divergent at this point

Looking for 61.8 Fib retracement at 1813

This trade may take a few days.

Past 1851 - I'll close the trade and assume the target wants higher - to at least 1855

Note
Trend line drawn acted as support at $1830

Back test in progress
Trade closed manually
Took trade off - Fed Meeting tomorrow.

Sold at 1837

Its risk off for the time being.

Most likely there will be newer higher followed by new low.
Trend Analysis

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