XAUUSD
Sqeezing in the symmetrical triangle (a big move is coming?)
Fib 61.8° and a strong resistance trendline, have to see if that one will break. If that one breaks, the trendline will become a support (meaning bullish) and could see an new ATH on the longer term
If not there is a lot of change gold will go down till at least around $1790. When that support trendline will break (meaning bearish), think around $1585 will be the target on the longer term.
Later today the CPI numbers (inflation) and initial jobless numbers will come from the USA, we will know after that.
Fib 61.8° and a strong resistance trendline, have to see if that one will break. If that one breaks, the trendline will become a support (meaning bullish) and could see an new ATH on the longer term
If not there is a lot of change gold will go down till at least around $1790. When that support trendline will break (meaning bearish), think around $1585 will be the target on the longer term.
Later today the CPI numbers (inflation) and initial jobless numbers will come from the USA, we will know after that.
Penafian
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