EuroMotif

XAU.USD destined to hit $1450 ? Gold retrace possiblity

OANDA:XAUUSD   Or / Dollar Américain
Gold looks to continue the retrace with mixed econ news.
While it is POSSIBLE that retrace has ended, I dont think so.
One more leg down is highly likely, question is to WHERE?

The EW wave paths are purely a GUESS, fwiw.
But the zones are SOLID and will cause reactions.
The zones just above and below determine BREAK.

I am still bullish in general and expect new highs soon.
This is a necessary correction for strong uptrend support.
If we do not test $1450, we face a severe crash from higher.

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Previous Gold Analysis caleld almost every turn (click):
$1498 top call<= Last Post
$1600 then $2100?<= Still Plausible
$1480 short TP
$1515 top call<= Awesome Short
$1555 top call<= Just in Time
$1406 to $1525<= Called the Jump
$1386 bounce
$1439 top call<= To the Penny
$1332 bounce
$1270 bounce<= To the Penny
$1280 break
$1380 call <= 8 mos ago

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

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