As my previous analysis has been confirmed, the 1939.00 is a heavy resistance area and gold is still in a bearish trend overall this is just a retest on the daily time frame. I suggest you sale at the 1939.00 or 1938.00 area after a brake of structure on the lower time frame my target is the 1893.00 area but I'm sure gold will plumet way lower around the 1840.00...
gold has made a head and shoulder on the higher time frame(4hour) and the support seems to continue to hold it long until the 1939.00 area for the next resistance LONG ARTOUND THE 1910.00 AREA$$
Gold prices were boosted by a decline In the US dollar, it increased from 1,905 TO 1,920 after the EPI news. I strongly believe gold will hit one of my key levels on the Fibonacci after next weeks US data market labor, and the ADP jobless claims (THURSDAY). ALSO the NONFARM PAYROLL REPORT which comes out on(FRIDAY)! GOLD CAN POTENTIALLY HIT 1800 SOON!!!! ...