XAU.USD in critical zone at London Open Tuesday: UK to decide

Quick plot of zones before London Open.
We are currently in a well defined range.
Breakout to either side could accelerate.

This plot is a continuation and perhaps endpoint to my short call from $1555 (click).

Downside:
$ 1482.xx still looks like a very possible target to me.
$ 1476.5x might be a long entry if bounces hard and fast.
$ 1472/73 is best not tested without a good bounce first.

Upside:
$ 1494.xx is immediate resistance (green 3.236).
$ 1496.5x is strong support turned resistance.
$ 1505.xx will encourage uptrend continuation.

Previous Gold Analysis (click):
$1600 then $2100?<= Still Plausible
$1460 initial retrace
$1555 top call<= Just in Time
$1406 to $1525<= Called the Jump
$1386 bounce
$1439 top call<= To the Penny
$1332 bounce
$1320 top Call
$1270 bounce<= To the Penny
$1280 break
$1380 call <= 8 mos ago

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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코멘트:

London stabbed the resistance, lets if any follow through or a bull trap

코멘트:

London ran it up all the way to the first resistance zone

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