Gold/USD (XAU/USD) Key turning points to watch?
Gold reached a 38.2% retracement from 52 weeks low, wich would be a Key Point to watch. Also it is struggleling or just above a Yearly Pivot Point, the blue Box'n'Lines are monthly consolidation resistance areas. I am watching this to develop further.
Edit: It also is at 38.2% retacement from 4 weeks high w/ Pivot Point 1st support at 1222.45 and Pivot Point 2nd support at 1211.60.
Edit: It also is at 38.2% retacement from 4 weeks high w/ Pivot Point 1st support at 1222.45 and Pivot Point 2nd support at 1211.60.
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