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XAUUSD New Lows ?

Por mert.kucukengin
XAUUSD made it's new lowest low at Feb. Before it climbs up till 1275 weekly resistance level. As expected it tested its Main Trend for 3 times and started its drop again to give us a new Low. Also on retracement, this line equals to Fibbo %76.8 band. So both Weekly and fibbo 76 band rejected on last week. Before its drop it needs to breakdown the minor Trend which holds also 1250 minor/major support line. After 1250's breakdown we might see new Lows around 1200 monthly Support line or more.
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mert.kucukengin

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