gold will decide where to go on 1211-1212 area
1211-12 AREA IS CRITICAL FOR GOLD.
IF IT CAN HOLD ABOVE THAT, THERE'S A 10 POINT WAY TO 1220-22 AREA FOR FIRST RESISTANCE.
IF IT CAN NOT HOLD 1211-12 AREA AND WOULD MOVE DOWN, THEN WE SHALL SEE 1200-2 AREA TO HOLD FOR SUPPORT.
I FAVOR A BREAKDOWN TO THE DOWNSIDE… BUT FOR NOW WE SHALL JUST WAIT…
ps: also note the RSI support line below, a break (on a closing basis) would favor a downside move.
IF IT CAN HOLD ABOVE THAT, THERE'S A 10 POINT WAY TO 1220-22 AREA FOR FIRST RESISTANCE.
IF IT CAN NOT HOLD 1211-12 AREA AND WOULD MOVE DOWN, THEN WE SHALL SEE 1200-2 AREA TO HOLD FOR SUPPORT.
I FAVOR A BREAKDOWN TO THE DOWNSIDE… BUT FOR NOW WE SHALL JUST WAIT…
ps: also note the RSI support line below, a break (on a closing basis) would favor a downside move.