XAUUSD approaching resistance: Gold follow up

15 Mar 2019

Previous analysis (below) caught a top perfectly.
The sharp drop continued through all three sessions.
Now we have the inevitable bounce, ty to N. Korea.

This is just a quick update with resistance zone about to be tested.
If it breaks through with ease, it could continue to next zone easily.
But I suspect the bounce is about done, and down move will continue.

Last Analysis looking for drop:

Bigger picture looking for new high

15 Mar 2019

Not

Decent looking rejection at top of band lets see if that was it ...

.

15 Mar 2019

Not

Beautiful: fib 1.618 nailed it within TWO CENTS! wow

.

15 Mar 2019

Not

just broke below a tripple fib confluence at 02.14/15 if retest rejects, look out below

.