New Pattern for Gold: 4th uptrend from 2170.
Gold soared to record high of 2265, targetting 2270, 2310, 2350 with relative positions of Fibo.
Long-term bullish is still taking the 4th uptrend move, and will be stopped by this week or early next week after NFP. A weekly retracement will happen next week. No bullish chasing next week!
1st support: 2225. 2nd support: 2200.
1st target: 2270.
2nd target: 2310.
3rd target: 2350.
* Bull & bear boundary: 2145.
Long-term bullish is still taking the 4th uptrend move, and will be stopped by this week or early next week after NFP. A weekly retracement will happen next week. No bullish chasing next week!
1st support: 2225. 2nd support: 2200.
1st target: 2270.
2nd target: 2310.
3rd target: 2350.
* Bull & bear boundary: 2145.