Gold Return to Mean

Entering oversold territory with a strong bearish divergence on the 4H, expected to play out the same way as the pattern on 08/09/2017. Target is the 0.236 fibonacci line (formed from the top at 1900 and bottom at 1050) which coincides with an uptrend generated by the last bearish retrace.
Entry: 1340
Target: 1260
Stop Loss: 1352`

Trading ditutup: stop tercapai