Gold recently had a takeout against the very strong daily resistance in confluence with the 4H
Swing high to swing low fibonacci retracement level 0.328 matches perfectly with daily resistance
Waiting for gold to come back to daily resistance
Great R:R
*IMPORTANT* - to avoid being stopped by another fake-out, wait for price action at resistance to confirm further downside with either 1h wick into the area, or a double top on LTF e.g M5 or M15 followed by rejection, taking profits at each FIB level
Swing high to swing low fibonacci retracement level 0.328 matches perfectly with daily resistance
Waiting for gold to come back to daily resistance
Great R:R
*IMPORTANT* - to avoid being stopped by another fake-out, wait for price action at resistance to confirm further downside with either 1h wick into the area, or a double top on LTF e.g M5 or M15 followed by rejection, taking profits at each FIB level