http://prntscr.com/439wx2
analysis for today 7 / 16 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1300.24
Retracement (50%) 1302.79
retracement (61,8%) 1305.33
Extensions (61.8%) 1278.69
Extensions (100.0%) 1270.46
Extensions (138.2%) 1262.23
Extensions (161.8%) 1257.14
calculation based on a Fibonacci retracement then today I choose sell


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