Ponzoo

Gold creeps up to 17xx

FX:XAUUSD   Gold Spot / U.S. Dollar
Possible supply zone scenario developing. Have to keep an eye on this. A breach of 1700 does seem more than possible at this stage, however consolidation at this level with dips below 1650 is expected to be followed by a final sell-off above 1700.

A break above the upper blue diagonal indicates an irrational mania phase.
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