DislikedManize,
I do tend to agree with you to a point. But if this is truely consolidating, like it has been for almost 3 weeks, may be tough for the bulls to break this spot. Weekly has not brokent this spot in 3 weeks (including right now). I am sure that you have been trading forex a long time and know that anytime you get to a major spot it is not easily broken. This is a good spot to play down with a VERY tight stop loss above here. But, all in all do I agree with you...yes. It has broken through the 61 fib line on the monthly and quarterly candle...Ignored
I only trade XAU/USD. Based on USD news & Fib SR & BB20