It is not simple, regular, weak resistance line !!!! 18.02 is n your pocket, then why not?
Watch the stuck. Whenever a little break out, action !!! My expactation is down down and down...
Short but first retrace... 1215 is in your pocket, then 1227 and 1180 will be seen... ( 1255-1215-1227-1180-1200-1147-1120)
Scenarios; 1- A little retrace to 1263 to make proper support, then jump to 1287-1293 area. Due to daily RSI may be hits level 70, think about to continue till 1335-1345 or retrace to below levels. 2- Directly jump to 1287-1293 area and then pull back for support and continue to 1335-1345 area. 3- Just now, it is in trick. Thus, pull back to 1242-1248 area....
Daily close below 0,8175 makes it down to 0,8030.. My expectation is shown it the chart as go long target 0,8250 in your pocket... 0,8425 is up to euro...
Let's try it, target 1265-1270... Short Term!!! Because big target is not located above, look below levels...
In the asian session, i hope the formation will be completed.
Short term behaviour of gold might be trend as shown in the chart.
Due to RSI trend, it suppose to go 1215. My expectation is firstly 1265-1270 area then below 1200...
My expectation is down trend. Little possibility to go up to 1270 then down trend to be target 1164 ( 1120 ) or directly from 1248...
According to Nonfarm Payrolls announcement it hits to the zone. It is acceptable. My question is, what about Unemployment Rate !!! The effect of nanfarm patrolls will not take a lot impact. That's why, i expect the price go down as soon. Let's see...
One more to show you with daily's. It is still in the 4th wave. Retracement should be completed @ 126x zone ( incase 1248 allow )... Then, i am waiting for 5th wave to be target till 1120. For me no way. Simple is simple. See u @ 1120...