Disliked{quote} Possibly, but after a $68 dollar move down it's more reasonable to go short from a higher position after a bounce. From an hourly scalping perspective, $1,278, the 27.2% extension of this last move down on the hourly chart (purple Fibonacci but the extension is below the bottom of this chart) and the 38.2% (black Fibonacci) shown on the weekly chart is certainly a reasonable downside target if $1,293 is breached, and gold does love 27.2% extensions, but then again $1,293 was the 27.2% extension of the move down yesterday (black Fibonacci)....Ignored
Many happy green pips to you sir