For the very very few that may interested, this is my take on gold currently.
You will see my gold chart posted below (daily chart).
Some key observations i note:
- Price appears to be going higher (i know what you are thinking,... it is pretty obvious) - 61.8 fib price level approaching (approx 1,514). I understand and acknowledge many don't value Fibonacci and that is OK. Whether it is horse**it or not, i am noting it downXAUUSD. - October 2019 high resistance (approx 1,520). - November 2019 high which also may be acting as resistance (possibly) @ 1,518 approx. - Noted high momentum (RSI) as momentum within " overbought " levels - make of that what you will.
A clear break of 1,520/1,530 area on the daily would in my humble and average mind possibly trigger further upside. Of course, i could be wrong. Let's see if we break these noted key resistance levels.
In the interim, i will be watching the quicker time frames to see if any further clues arise.
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