ThePhoenix_

GOLD DAILY XAUUSD - IN A WIDENED DESCENDING BEVEL

Long
OANDA:XAUUSD   Or / Dollar Américain
Gold is now consolidating in a widened descending bevel coming from the previous bullish rally. We are now close to a key fibo 50% around 1760. It could be a good idea to play the rebound on this key level and the continuation of the long terme bullish trend . There is also lot of polarity support on this area. Otherwise more downside could lead the gold to another key polarity support and also a Fibo @ 61.8% around 1700. Target for this scenario is 1885-1900 area.
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