Akil_Stokes
Long

GOLD: Potential Retest & Extension

FX:XAUUSD   Gold/U.S. Dollar
With GOLD             putting in a HHHC I would now look for a continuation to the upside. IF price is going to continue higher THEN then next stopping point I would predict is our previous level of structure looking left.

As always there are 2 ways that price can reach that level. 1) It goes straight there or 2) we see some profit taking, causing a pullback into the previous level of resistance which now act as support before extending higher.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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XAUUSD 1HR BEARISH CYPHERS
Reply
i reckon we will have some retracement at 1260-1263.
GOLD BOUNCE OFF KEY SUPPORT LINE - bull
+2 Reply
i have seen Divergence in RSI, i am waiting for confirm
+2 Reply
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