Quick plot of zones before London Open. We are currently in a well defined range. Breakout to either side could accelerate.
This plot is a continuation and perhaps endpoint to my .
Downside: $ 1482.xx still looks like a very possible target to me. $ 1476.5x might be a long entry if bounces hard and fast. $ 1472/73 is best not tested without a good bounce first.
Upside: $ 1494.xx is immediate resistance (green 3.236). $ 1496.5x is strong support turned resistance. $ 1505.xx will encourage uptrend continuation.
Previous Gold Analysis (click): <= Still Plausible <= Just in Time <= Called the Jump <= To the Penny <= To the Penny <= 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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London stabbed the resistance, lets if any follow through or a bull trap
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London ran it up all the way to the first resistance zone