XAUUSD "Big Picture" Support Resistance. Gold uptrend LandMarks
Updated
As you know, Gold has made a historic move in a parabolic fashion.
Looking at the entire wave structure, there appear some key zones.
Other zones will appear on smaller tf's and I will post as new Ideas.
Some of the zones are obvious visually, but the fibs are exact.
Some of the zones are tighter than others, and often stronger.
All of the zones plotted should act as important check-points.
If the parabolic rise is to collapse, the plotted zones are worth watching.
If the uptrend continues and we reach new highs, I will post a new plot.
If a retrace and continuation happens, it should be at one of the zones.
Left chart is 1D to show the entire picture.
Right top is 1H for trade setup evaluatoins.
Right bottom is 21min for a close up view.
Previous Gold Analysis (click):
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 5 mos ago
Looking at the entire wave structure, there appear some key zones.
Other zones will appear on smaller tf's and I will post as new Ideas.
Some of the zones are obvious visually, but the fibs are exact.
Some of the zones are tighter than others, and often stronger.
All of the zones plotted should act as important check-points.
If the parabolic rise is to collapse, the plotted zones are worth watching.
If the uptrend continues and we reach new highs, I will post a new plot.
If a retrace and continuation happens, it should be at one of the zones.
Left chart is 1D to show the entire picture.
Right top is 1H for trade setup evaluatoins.
Right bottom is 21min for a close up view.
Previous Gold Analysis (click):
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 5 mos ago
Note
Perfect Ping on first major resistance .
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