GOLD Potential Shorts.....Don't jump the gun

-Heavy selling pressure as you can see from my arrows
-1370.00 proved to be really strong resistance
-Downtrend starting to appear
-Descending wedge
-Break of significant trendline daily candle break and close
-Multiple targets
-Target 1 coincides with .0618 fib retracement

-Be careful of this blue box area as this has the potential to hold as support
-To be on the safe side you could wait for a clean break and close of this box to enter

Trade ist aktiv:

700 plus pips....I've been adding to shorts regularly, descending triangle here.....Break and close of this level of support then we add more shorts

Trade ist aktiv:

This is how it ended up with the break to the upside.....simple