DislikedHi BiteFX, i expect Gold to find support at 1585.86 (61.8% Week Support) and go up to 1600.97 (100% Week Resistance). If price breaks that and find support, it should go up to 1616.07 (38.2% Week Resistance). {image}Ignored
price did find support at 1585.86 and it tried to break 1600.97 2 times at H4 chart.
I will look a behavior of price at 1600.97. If price can't break it again, short down to 1570.76 (23.6% Week Support (WS)) which is also price's daily range looking at H1 chart, 1572.21 (100% Day Support (DS)).
Otherwise, if price finds support at 1600.97, buy up to 1616.07 (38.2% Week Resistance (WR)), 1619.23 (100% Day Resistance (DR)), also daily range.
Always expect unexpected.
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