analysis for today 5 / 19 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1291.57
Retracement (50%) 1292.79
retracement (61,8%) 1294.01
Extensions (61.8%) 1281.25
Extensions (100.0%) 1277.31
Extensions (138.2%) 1273.37
Extensions (161.8%) 1270.93
calculation based on a Fibonacci retracement then today I choose sell