In this thread of ideas I'm going as deep as is needed to help you fully understand the situation gold is stock in. First of all!!! 1M timeframe to see what may surprise us by the time we make a wrong decision. I mean, every time I have turned my #metatrader red, there was a missing data in a bigger time frame. You can easily find the destination I've suggested before in the volume profile. 1300-1400 $ area is the last checkpoint of big moves. Also it is a 0.618 fib. ret., so we have to take it seriously. I believe that XAUUSD is getting ready for a jump-off. It is desperate to do so. If I were gold and 1680$ was my crush; getting rejected times and times would make me so sick to start loving the uglier girl in the town. As for the lack of confidence and the presence of the new rich boy ( interest rate ) in the town, I would choose the punky monkey drug addict girl in the school who smells like horseshit. The girl is 1300-1400$ area.
Please FOLLOW me and leave comments. the daily and 3h time frame are also coming soon.
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