Here is a simple bearish trend continuation short trade for Gold. Daily has made lower highs and lows and price is now approaching the bearish trendline again.
The fibonacci 0.618 sits just below the $1295 level so stops above the 0.786 fib and $1300 psych number would be the safe option.
The fibonacci 0.618 sits just below the $1295 level so stops above the 0.786 fib and $1300 psych number would be the safe option.