This is view gold
weekly chart on this year, of course no one will trade by it as are really big numbers, but for view what can we see its good. Per previous rules and scenario, gold
want try test orange top again as previous about 10x attempts 1350-1360. Of course we are not go there right now (maybe), as its big tf, we can see some bigger way down and up. On way down we can see violet area 1264-1242 zone, where 1242 is really important number i post on many my previous charts (you can check it on FB
). Higher chance from 1242 is way up, but who know, its far away. If we go under 1242 then we will test light green strong area 1200 – 1190. Overal I think in this year, we can see top number and possible bottom number and maybe down to 1040 cross green and pink. This moves you see in green rectangle
area what was in 2016 year , from juni 2016 – from price 1380 down to 1120 (260$ move) in december 2016. You read right 260$ bear move in half year. As we saw 600 pips in 5 min on jpy pairs few days ago, all is possible :)) Sumasumarum I think psychological barier 1300 can hold again and we will go test that violet area, then will see.