Part of my ongoing analysis of Gold movements (see links below).
We all know the virus fear that is now spreading worldwide. Many investors are fleeing to cash, even selling the Precious. Now approaching crucial supports with a chance to reverse it.
$ 1466/68 is first decent support but was pierced already. $ 1411/15 is a MAJOR support that bulls really need to hold. $ 1400/03 is Bull's LAST STAND, below which is much doom.
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Previous Gold Analysis (click): <= Still Plausible <= Just in Time <= Caught the Jump <= To the Penny <= To the Penny <= 9 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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Bulls Struggling
"Minor Support" holding so far But barely holding, since it was pierced.
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Zoom IN (5 min) shows the precise range boundary defined by the fib zones. Breakout in either direction should accelerate in that direction. =============================================================================================