The chart is self explanatory. Scenario 1: - Bears push the price down to around 1300.00 which is between the 61.8% and the 50.0% Fibonacci retracement levels and bounces off any of these two levels to POSSIBLY test the previous high. Scenario 2: - Bears push the price down to around 1300.00 which is between the 61.8% and 50.0% Fibonacci retracement...
Right now XAUUSD sits on 88.6% of the last high. I expect it to shoot past this point and continue to ABCD presented or Butterfly Pattern. iExpect a slight drop from the 88.6% and than a continuation upward.
Overview: The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining...
As long the price is trading more or lesse above the upside trend (since February`16) bullish! round about 1303 should be a bullish support area round about 1284 should be a bullish support area round about 1263 should be a bullish support area if the bears are winning the terrority backs, - even more or less around the 1303, 1284, 1263 price levels (and...