Gold finished its 4th bullish uptrend by 2431, and retraced down to 2291 where is the position of Fibo50.0%, and is also the supporting area of 4H.
Mid-BollingerBands 2305 need to be retested next week to choose the direction from there, either breaks down to 2255, 2200, or starts the 5th bullish uptrend move upto 2500, 2540.
1st support: 2305
2nd support: 2255.
1st resistance: 2355-2360
2nd resistance: 2385-2390
FED rate solution and NFP next week may give us the direction.
Let's see the result.
Mid-BollingerBands 2305 need to be retested next week to choose the direction from there, either breaks down to 2255, 2200, or starts the 5th bullish uptrend move upto 2500, 2540.
1st support: 2305
2nd support: 2255.
1st resistance: 2355-2360
2nd resistance: 2385-2390
FED rate solution and NFP next week may give us the direction.
Let's see the result.