As we all know Gold has been in a parabolic climb. Thus far it has avoided any retrace or corrective moves. And we all know the price cant just keep going up forever.
Picking tops is tricky and possibly dangerous if shorting. Risk sentiment may worsen and it could just keep going. But plotted are three upcoming zones/prices of interest.
1430.65-1431.24 is nearby (but not strong) resistance. 1436.90-1439.22 is a wide zone of strong resistance. 1443.45-1443.55 is a tight zone of very strong res.
Previous Analysis:
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Here we are, right up against the fist serious resistance
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Nice Ping on top boundary of zone but sow, this thing looks like it will blow through this resistance as well. Wow.
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looking at the reaction under a Microscope: Perfect zone recognition.
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So that 1439 top proved important. Now I am looking at retrace possbilities That would be an extremely bullish retrace (if we even get that, this still looks strong)