Quick look at Support an Resistance zones going into Weekly Open. I was not in touch with news over weekend, so risk sentiment unknown. Opening Gap or clear move soon after would offer some directional clues.
What is clear to me: 1411.xx has become quite Strong Resistance now. 1408.xx bounce and break above would be strong Bull. 1402.xx is the max room Bulls have to protect uptrend.
Previous Gold Analysis: <= 4 mos ago
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(Perfect entry, still in play) (Prefect entry, almost done) (perfect entry, huge profits) (scalp that ran hard) (perfect top, huge profits) (the very tip-top a year ago) (just in time, quick 70 pips) (Upthrust warning just in time) (Fib extensions at work) (recent perfect entries) (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Ouch! am taking a look at this move now
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Bigger picture, it did bounce off a support Dead Cat or not remains to be seen.