XAUUSD Resistances and Supports on WEEKLY VIEW
Fibonacci level is on 1287. If it will stay over it, respectively 1292 and 1303 values can be reached.
If it undercrosses 1287, downtrend will probably last to 1266.
Extremes by Chob indicator warns it is in the overbuying area. A correction will be possible occur. It is enough to stay at current level to escape from overbuying area. So, we will be watcing the movement in order to decide it will do correction or trend-reversing.
Fibonacci level is on 1287. If it will stay over it, respectively 1292 and 1303 values can be reached.
If it undercrosses 1287, downtrend will probably last to 1266.
Extremes by Chob indicator warns it is in the overbuying area. A correction will be possible occur. It is enough to stay at current level to escape from overbuying area. So, we will be watcing the movement in order to decide it will do correction or trend-reversing.