Gold Spot / U.S. DollarUpdated XAUUSD approaching resistance: Gold follow up
Previous analysis (below) caught a top perfectly.
The sharp drop continued through all three sessions.
Now we have the inevitable bounce, ty to N. Korea.
This is just a quick update with resistance zone about to be tested.
If it breaks through with ease, it could continue to next zone easily.
But I suspect the bounce is about done, and down move will continue.
Last Analysis looking for drop:
Bigger picture looking for new high
The sharp drop continued through all three sessions.
Now we have the inevitable bounce, ty to N. Korea.
This is just a quick update with resistance zone about to be tested.
If it breaks through with ease, it could continue to next zone easily.
But I suspect the bounce is about done, and down move will continue.
Last Analysis looking for drop:
Bigger picture looking for new high
Note
Decent looking rejection at top of band .
Note
Beautiful: fib 1.618 nailed it within TWO CENTS! wow .
Note
just broke below a tripple fib confluence at 02.14/15 .
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the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.