XAU.USD heads up at $1511, and other resistance zones Ahead

Sorry for my lack of updates on Gold.
Direction/Strength has been unclear.
When it is not clear, I dont trade it.

But wanted to post this as a quick "heads up" on possible resistance Zones to watch.
Perhaps next week will present some clear Fundamentals and Technicals to study.
Overall this asset looks Bullish still, just wondering if the retrace was sufficient.

Previous Gold Analysis (click):
$1600 then $2100?<= Still Plausible
$1480 short TP
$1515 top call<= Awesome Short
$1555 top call<= Just in Time
$1406 to $1525<= Called the Jump
$1386 bounce
$1439 top call<= To the Penny
$1332 bounce
$1270 bounce<= To the Penny
$1280 break
$1380 call <= 8 mos ago

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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Just hit the 1511 area, and resistance clearly being noticed

lets see if Bears jump in here.

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Bình luận:

Now that we have had a clear blow off top and drop,
I have posted a new Idea with updated targets for the drop:

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