Gold still can't break last high resistance, not even try over 1600 and rejected at 1594 area to create a double top.
a test to touch or over the 0.5 fib retrace area (1570 area) should be expected, otherwise, a test to support area around the neckline 1535-1546, I anticipate another drop to 1523-1525. More than that it will break the bullish structure (weekly) into bearish. I believe that would not happen to Gold unless there are other extreme fundamental conditions in play.
What are you thought about Gold or your trading plan, let me know in the comment?
a test to touch or over the 0.5 fib retrace area (1570 area) should be expected, otherwise, a test to support area around the neckline 1535-1546, I anticipate another drop to 1523-1525. More than that it will break the bullish structure (weekly) into bearish. I believe that would not happen to Gold unless there are other extreme fundamental conditions in play.
What are you thought about Gold or your trading plan, let me know in the comment?