OANDA

Gold to extend lower from a corrective channel?

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OANDA:XAUUSD   Ouro/Dólar Americano
Gold - Intraday - We look to Sell at 1882 (stop at 1896)

Inside Soldiers have been posted on the daily chart.
Trading within a Corrective Channel formation.
Intraday, and we are between bespoke support and resistance 1843-1895.
The 261.8% Fibonacci extension is located at 1841 from 1886 to 1868.
Further downside is expected and we prefer to set shorts in early trade.

Our profit targets will be 1843 and 1835

Resistance: 1881 / 1886 / 1895
Support: 1858 / 1843 / 1835

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