XAU.USD path to $1650 on way to $2100? Gold wave (5) of (iii) ?

Multiple TimeFrame view of the Waves with Fibs.
Each Wave has an "Impulse" followed by its "Ripples".
We may be starting the next Leg up in this timeframe.

Left chart is Daily tf plotting the fibs of wave (1) and (3).
Right upper is 3h tf plotting wave (4) correction downward.
Right lower is 21 min tf plotting possible wave (5) starting.

This entire move could be wave (iii) in this BIG picture to $2,100

I will post this plot as a separate Idea once fine tuned.


Previous Gold Analysis (click):
$1555 top call<= Just in Time
$1406 to $1525<= Awesome Long
$1386 bounce
$1439 top call<= To the Penny
$1332 bounce
$1320 top Call
$1270 bounce[/url]<= 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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Commentaire:

Staying well in Sync with the Green (upward) fib

A good sign because these ripples are pushing upward, so the longer we can ride them the better. But preparing for a more serious pullback soon.

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Commentaire:

Perfect bounce from the $1450 zone

and it looks strong.

Wave 5 under way!

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