XAUUSD approaching Strong Resistance (top) ? Gold historic climb

25 juin 2019

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:
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call 4mos ago


.

25 juin 2019

Note

Here we are, right up against the fist serious resistance

.

25 juin 2019

Note

Nice Ping on top boundary of zone but sow, this thing looks like it will blow through this resistance as well. Wow.

.

25 juin 2019

Note

looking at the reaction under a Microscope: Perfect zone recognition.

.

25 juin 2019

Note

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)

.