XAU.usd likely to Pull Back before next Leg to $ 2100+

Part of my ongoing analysis of Gold, see links below.

As you know, we are approaching previous ATH.
Turns out we are also nearing Wave End fibs.
It could surpass last high before starting retrace.

If you see Blurry numbers, that is a TV rendering bug.
Click Here for a Snapshot, hopefully with clear numbers.

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Previous Gold Analysis (click):
Apr 13, 2020: $1747 Top Call <= within 10 cents!
Feb 24, 2020: Grand Impulse Redux
Jan 09, 2020: $1650-1750 Tragetted
Oct 25, 2019: $1516 Top Warning
Oct 03, 2019: $1650 then $2100?<= Perfect Entry
Sep 04, 2019: $1555 top call<= Just in Time
Jun 24, 2019: $1439 top call<= To the Penny
Apr 04, 2019: $1270 bounce<= To the Penny
Mar 03, 2019: $1380 call <= 2 years 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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Comment:

Looking Strong

Got past the first target of interest

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Zoom IN (13 min) for a look at PA around that zone

NICE! Perfect test/retest of bottom bound, and now test/retest of top bound.

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Zoom in MORE (3 min) and adding a fib to the wave starting with Sunday open

It is very possible this wave is done,
or it might push into one of the next 2 fibs.
I would be very surprised if goes much higher without retrace.

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Comment:

Forgot to add one more, with the small tf fib just above, included within the original plot of resistance zone and possible overshoot target

So now we have a little wider target zone for possible pullback start.

Gotta say tho, this looks bullish as heck.

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Comment:

Extended Target Hit

Jumped to the extended target , $1975-1983

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Zoom IN (15 min) for a closer look at that zone

Near perfect zone plot.
The peak did pierced bottom bound of the zone, but turned quickly.
However, the pullback looks more like profit taking, than shorts entering.
For now the key levels are zone just below, $1905-1931.

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Comment:

London Open Selloff


Good old London Dump Gang

That was likely end of dump wave, 4.618 a good end point.

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Zoom OUT a bit and including higher tf fibs

We now have a pretty well defined support zone with high tf 2.618 and local 4.618.
That may well be the LOW OF WEEK.

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Zoom OUT max for entire chart

Picture Perfect wave 3, with a near-vertical blow off top.
Wave 4 should be rather shallow and rather quick, since wave 2 was rather deep and took some time.

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SUMMARY:
- Wave progressing exactly as expected.
- Much needed correction is under way for wave 4.
- It may take rest of the week to digest this first dip, before next one.

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