Gold: Sell Opporunity At Key Level

After breaking below both slide parallels of a downsloping median line, price in gold has retraced into a corrective structure to the broken levels where it was initially rejected. At the same level we have the 0.382 fib retracement of the impulsive downmove as a confluence. That's a nice level to sell gold with sl and tp as shown at the chart. Remember that if price reaches the first tp we move sl at breakeven at second position.

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