With gold ranging, this could go either way. Price is literally sitting in between two of the strongest key levels on the chart. Even though the monthly key level is the strongest, the weekly level has gotten a lot of respect has resistance. So prices can actually continue crashing down. It could also bounce on the monthly one more time and give us a big bull run.
My targets are set for a breakout trade with this pair, so let's wait to see which way is going to go.
BULL TPS: • 1781.97 • 1800.26 • 1818.83
BEAR TPS: • 1760.25 • 1741.66 • 1726.44 • 1715.69
Trade active
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BULL TP1 hit on May 3rd. Fell back into the range so awaiting the new breakout.