I believe Gold is going up. Non-payroll US info on Friday will decide the move, and I expect neutral (not good, not bad) data, but who knows. CAREFUL: Strong data for US economy on Friday will drag gold down sharply!
Considering neutral data, there is a huge resistance @ 1300 , should bounce back to .236 and .382 fib levels (at least). Very possible of holding...
Sell opportunity, downtrend formation. Good resistance @ 1.7419 and key support @ 1.7063 (.5 fib).
I'm looking for a down move to at least .382 fib.
My position:
Sold @ 1.7303
S/L @ 1.7410
T/P @ 1.7150 (fib .382) / 1.7070 (fib .5)