After having a correction last Friday, gold moves strengthen today. It already breaks my resistance (1) and also breaks 38.2 Fibo (2).
At this moment gold is beginning to enter the previous path before it made correction, as I had expected it would be in my post on Friday morning.
It is still too early to predict gold movement for today, but I think gold will make another sideways in some area.
First area, which is the most likely for me is 1716-1724 area.
Second possible area is 1723 - 1734 area, which also means between 61.2-100 Fibo area.
There's still a little possibility gold will go back to 1708-1716 area, but I think it's very small chance.
My big picture is, I don't see gold will break 1740 or go lower than 1705 for today. Hopefully there will be a scalping path to develop today.
Let's hunt pips.... :D
GG - 2012.11.19
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