XAUUSD at near-term Resistance: can Gold break 1300 this push ?

Quick plot to illustrate the resistance zones just shy of 1300.
Besides the phsych value of 1300 round, many fibs align there.
I would be surprised to see it break through without pullback.

My last plot was a short which timed out nicely

Then closed shorts and went long looking for this bounce

Overall I am bullish, expecting near 1400 price range

評論:

Here we are in the thick of it just before London Open. Closeup shows the precise relfections off each line

thus I can have more confidence is the other lines plotted by those Fibs. Whether price drops here or not, just this observation is worth noting.

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評論:

Might have snuck past resistance here

but Gold tends to do that, run a little above the obvious resistance then turn. NY markets not open yet, lets see what they do with it today.

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評論:

Now at next resistance zone. This will be a true measure of bull strength. I expect a clear pullback here, but lets see.

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評論:

We have an initial reaction to the Resistance zone

now lets see if it can fall back below 1300 round and test the previous zone below.

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評論:

Since last update just above, that resistance zone around 13.04 rejected price, but only to the previous resistance which acted as support

Now we are back to the zone, which will likely break this time, at least for a stop hunt above as NY opens.

評論:

Watching 1305.75 and then 1308

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