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XAU/USD - Another Hagopian

FX:XAUUSD   Gold Spot / U.S. Dollar
59 0 0
Followup of my last chart. The price action was bullish today and now it depends on weather this Hagopian resistance breaks or not. If it breaks then I expect gold             returning to 1130 soon (week or two).
Once above 1130 again, another major drop in price will be very, very unlikely.

As I've said many time, it is self evident that a one-minute candle which caused the fake breakout on 20th of July is not achieving the speculated effect. The price action failed to follow that breakout and that is why we're now looking at a Three-Week High.
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