Sorry for my lack of updates on Gold. Direction/Strength has been unclear. When it is not clear, I dont trade it.
But wanted to post this as a quick "heads up" on possible resistance Zones to watch. Perhaps next week will present some clear Fundamentals and Technicals to study. Overall this asset looks Bullish still, just wondering if the retrace was sufficient.
Previous Gold Analysis (click): <= Still Plausible <= Awesome Short <= 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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Just hit the 1511 area, and resistance clearly being noticed lets see if Bears jump in here.
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Now that we have had a clear blow off top and drop, I have posted a new Idea with updated targets for the drop: