goldGOLD (US$/OZ)TVC:GOLDeldercabrera51I'm entering a short position on gold, as it's oversold on the weekly, daily, 4-hour, and 1-hour charts. Furthermore, it has been moving within this upward channel. The area marked in red is an overextended Fibonacci zone, between 4 and 4.41. I have two entry points. If I have $1,000, I'll enter with $500 at the first entry point, with a stop-loss in the middle of the red zone, and my second entry will be at the stop-loss level of the first entry.