XAUUSD Support and Resistance 160919
Rejection of some fib levels can be seen in the current price retrace.
IF price can pull back to the green or a harder support below that (orange area), we'll be looking for PA to Long.
TP at the 1600 zone (purple).
*Note that a strong resistance lies at the 1567.455 region (denoted by orange line).
IF price can pull back to the green or a harder support below that (orange area), we'll be looking for PA to Long.
TP at the 1600 zone (purple).
*Note that a strong resistance lies at the 1567.455 region (denoted by orange line).
Trade active:
Price tested and was held by green support zone.