GOLD had made it low at 1160 and has since been reversed to the upside , however it is within the consolidation /resistance one of 1200-1225.
It needs to clear the 1200-1225 price zone for this upside to continue therefore it is venerable to the downside and a retest of 1160 could be probable however it is in consolidation within 1214-1196 price zone
break below 1200-1196 = 1192-1185/ 1180-1175
break above 1214= 1220-1225/1235-1240/1250-1255/1265-1270
If AB=1160-1201, BC= 1201-1184, CD= 1225(100)/1236(127)/1250(162).
It needs to clear the 1200-1225 price zone for this upside to continue therefore it is venerable to the downside and a retest of 1160 could be probable however it is in consolidation within 1214-1196 price zone
break below 1200-1196 = 1192-1185/ 1180-1175
break above 1214= 1220-1225/1235-1240/1250-1255/1265-1270
If AB=1160-1201, BC= 1201-1184, CD= 1225(100)/1236(127)/1250(162).
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