Holding on to gold. No move for EURUSD

Gold is extending rally on the unprecedented  dollar value, and we can borrow no price reference from historical chart. So I am referring Fibonacci resistances to decide the price to book the profit. The metal experienced a modest resistance before the key $1250 level, but I decided to hold on to the long position to $1262 to $1272 level as I marked black 3 in the  chart below. Then I will wait for black 4 pull back, then the next big Fibonacci resistance is $1300. The $1300 level could not be fit in this chart, the 261.8% extension from all blue, purple, black lines coincide there!

Through crazy it may be, I am still with the EURUSD scenario I showed in the previous post. The price is approaching to the previous low (1.2520), but I am skeptical about the descent unless it goes below 1.25. I mentioned in Twitter that I would get prepared to long EURUSD if there was a spike in May 12′w New York market, but it did not happen. I would wait until I see two new higher highs and two new higher lows before considering to buy EURUSD towards 1.31 level.

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