XAUUSD approaching resistance: Gold follow up
Updated
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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