XAUUSD near term look at Weekly Open: Gold in critical Zone

Quick look at Support an Resistance zones going into Weekly Open.
I was not in touch with news over weekend, so risk sentiment unknown.
Opening Gap or clear move soon after would offer some directional clues.

What is clear to me:
1411.xx has become quite Strong Resistance now.
1408.xx bounce and break above would be strong Bull.
1402.xx is the max room Bulls have to protect uptrend.

Previous Gold Analysis:
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 4 mos ago


See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

Silver Bounce call (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)
USD.CAD short call (perfect entry, huge profits)
EUR.USD long call (scalp that ran hard)
EUR.USD short Call (perfect top, huge profits)
EUR.USD long term Short (the very tip-top a year ago)
GBP.USD dip Call (just in time, quick 70 pips)
DXY toping call (Upthrust warning just in time)
SPX recent top (Fib extensions at work)
USD.JPY short to long (recent perfect entries)
AUD.USD long term Short (almost at a long term target now)


Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

评论:

Ouch!

am taking a look at this move now

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评论:

Bigger picture, it did bounce off a support

Dead Cat or not remains to be seen.

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