Pashabxl

XAUUSD: The Update: Gold couldn't cross 1212

FX:XAUUSD   Gold / U.S. Dollar
On the big picture, it is obvious that GOLD             could not cross the 1212 resistance level .
4Hours ago, the precious metal was very much hesitating from the up side to the down side and finally sellers took the hand and att he present time, GOLD             is going back towards 1180.
Having said that, XAUUSD             is very much sensitive about the shape and the trend of EURUSD             pair. And thus this fall may also suppose that EURUSD             would not last high.
Target on the downside remain 1180 1167 1140 for the time.
Lol, "couldn't cross" then 48hours later it blows 1212 out of the water.. Your bear claws seem to have gotten blunt...
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I can see a bullflag in my chart.. Correct me if I'm wrong, trendline is below 1180. If that is crossed bearish move will continue above that is still a chance to break out for bulls.
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Yahia.Awes Yahia.Awes
Here is the chart..
snapshot
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Yahia.Awes Yahia.Awes
The eurusd pair is trading above 1.1, so i think we might see 1212 on opening.
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