GC1! Gold Futures 29 NOV 2020 (TGT practice) GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:GC1! dee718 Previous resistance level /zone. Should expect a bit or craziness at this level. Could hit a lot of demand/stop losses etc that push the price up luring chasers in. Then, by the time it traps many retail it hits the median line for re-distribution pushing it back towards support where it may now have a path of least resistance (absent orders) in addition to the rush of retail trying to get out of position, selling, to get out of their bags driving it through that previous support to the next text area.... That is just one scenario. You may be able to see it different. You may see different holes and points of strength, weakness. As long as the basics are the same is what is more important i.e. being able to identify the key support and resistance levels or how to properly anchor your fib tool. As per SOP as far as targetting. Looking to see price travel as far from that key area/support as possible to the channel median line or either EMA . RSI above axis to look for distribution phases. There is the intersection (confluence) of teh 50% fib and the channel median line . Will see how it develops and if it makes it up there. If does look like some increased demand/stopping volume but again it makes sense to see this here due to the proximity to that previous resistance. For fun/practice.