GOLD XAUUSD Bingo! Game Over
The perfect high was meant to be at 1268.76 line on 21st
December, a minor cycle high. The high was actually 1268.82
on the due date. Gold has a look of completion about it now
and looks about ready to roll over again from here. Any rallies
are likely to get knocked back from 1268.76 now but will pick
up support at 1262.45-1262.30 as it moves towards the lower
parallel - and once that breaks it becomes an aggressive sell
again back to 1252.30-1250.72 range where it can be bought
again for the bounce.
The perfect high was meant to be at 1268.76 line on 21st
December, a minor cycle high. The high was actually 1268.82
on the due date. Gold has a look of completion about it now
and looks about ready to roll over again from here. Any rallies
are likely to get knocked back from 1268.76 now but will pick
up support at 1262.45-1262.30 as it moves towards the lower
parallel - and once that breaks it becomes an aggressive sell
again back to 1252.30-1250.72 range where it can be bought
again for the bounce.