XAUUSD retesting monthly support for the fourth time?

As of right now gold has reach a major key area for rejection. The monthly resistance zone (1326) has been tested and rejected three times so far. Price is currently above (1326) but we are slowly coming up to a rejection zone (Blue Rectangle) which price quickly rejected.

So far our only opportunity is to wait it out and see if we other clues as to where price could be heading next.

Kommentera:

Caught the mistake now on the title, it should say resistance instead of support