Gold Current Support andResistance

FX:XAUUSD   Gold Spot / U.S. Dollar
362 13 1
Gold             is currently range bound. Levels to trade on a breakout of the range.

As I posted a few days back, I think gold             is in a wedge and could try to test the 1276/70 level for a long.

Also, as BM pointed out the other day this could be a H&S pattern, see link here to BM's chart
Small H&S pattern. Chance for bears. Not confirmed yet
alex.a Ryan Tyler
It is considered as a confirmed, the abnormal strength of USD. Really abnormality - Take a look at DXY.

alex.a alex.a
ECB rate cuts!
I have been expecting dollar strength for a while. The eurusd is in a cycle where imo cycle 9 is finishing and the euro could be heading towards parity with the usd in the next few yrs.
alex.a fxtrader66
at rate cut, Gold down due to DXY up and went up again due to EURO easy liquidity
alex.a alex.a
Now, it is calming down... I should have known when I saw DXY up and what was going on Tokyo Market - They knew in advance -
alex.a alex.a
I was asking around the abnormality of DXY without any reason. Aha - rate cut!
alex.a alex.a
I mean without any answer - Aha ..
alex.a alex.a
IT WAS THE RATE CUT ! !!! GAP UP WAS THE RATE CUT --- AHA - why I couldn't guess it - stupid -
You do not know what the ecb is thinking, and its common for markets to give a fake out move. Now that you know the euro could be heading down look for an entry into the trend . this is what I would be looking at.
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