Gold shortSold gold in 1910. XAUUSD monthly chart is overextended and in need of a retracement. My target is 0.38 fibo retracement on the monthly chart. Also the weekly and daily chart is indicating short. So, a good short opportunity in gold. I sold when fibo touched 0.618 on 4H and right now in short with 1:4.5 risk to reward. If anyone wants to sell gold then wait for a strong impulse to the downside then on correction sell gold or sell now which might be risky.
