XAUUSD converging, following fibonacci Retracememnt

٢٥ أغسطس ٢٠١٦

Gold is converging while following the fib retracement. The main trend is between 0.618 level and 0.236 level. It has already broken the main trend once, now it is breaking the trend for the second time. A short-term long position may prove to be profitable.