Gold resistance zones to watch

2018年5月21日

Gold broke a strong support zone then popped back above it.
Was the break below a Bear trap?
Is the break above a Bull trap?

The two resistance zones above current price will be telling.
$1,300 will be the psychological number.
If rejected from 1300, then maybe more down?
If surpass 1300, we may have found a bottom.

This is part of my thinking for the longer term LONG per this previous plan:

2018年5月21日

註釋

I think Gold will retrace a bit here.
Weekend gap was closed, may well continue downfall now?
But I am going to see how it reacts on the inevitable retrace of gains today