XAUUSD Fibonacci Support Resistance Zones: Gold as of Jun 17
Updated
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.
Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.
Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.
Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.
I will update as new zones are defined by upcoming Fibs.
Comment
Gold is trying. see comments on chart pic:Comment
Nice action around the zones still.Watching this current zone, if it rejects, then no bullish signs at all
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Contemplating a Long here.$1250 psych level. Just waiting for signs of Dollar retrace.
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Hoping to see something like this develop.Tempted to just long it now, but I need confirmation that this zone at 1250-52 can act as sound support. Otherwise, the next zone down is a long way off ....
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Gold might be bouncing here?Still looking for this type of action, but looks like buyers are stepping in
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GoldFinger vibrating on Buy Button.Above chart Zoomed in, my Green Path looks plausible.
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Gold continues to exhibit the type of behavior I am hoping for.Now just need a retest of the 1252 line and strong bounce for me to enter long.
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Bounce looking plausible.Just entered Long Scalp:
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These zones were drawn over a Month ago, but still look quite valid:Comment
Very cool, captive bands under a microscope 
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