EuroMotif

XAUUSD near term Update: Gold weekend Drop to continue?

EuroMotif Mod 업데이트됨   
OANDA:XAUUSD   골드 스팟 / 미국 달러
Part of my ongoing analysis of Gold (see links below).

Weekend trade war news caused a dramatic drop in price.
Risk sentiment got a sigh of relief into US holiday week.
The amplitude of the drop indicates another leg to go.

We should see a "Dead Cat" bounce but maybe even that is done.
If it does not bounce to at least the red zone above, look out below.
Overall, we can expect the sell off to continue into UK/US sessions.

$1383.xx test is expectable and a strong bounce would be bullish.
$1379.xx test is likely and any bounce there worth watching.
$1376.xx seems quite plausible and will be Bulls Last Stand.

Previous Gold Analysis (click):
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 4 mos ago



코멘트:
Drop continuation gaining momentum. $1279 next stop
.
코멘트:
Beautiful confirmation of this support zone How could i NOT have faith in all the lines/zones?

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