30m Showing Gold at Fibonacci Numbers of Interest.

Short

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Updated

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

Gold NUGT DUST JDST GLD JNUG

gold nugt dust jdst gld jnug

All is on the chart. May scalp along the way, but if trend is not clear and smooth, will wait.

As always, just areas I'm watching short-term. I have other charts for long-term.

Comment:

Falling more from here or will gold follow plan, pull up to 1204 before more short action?

Comment:

Updated possible count alternative. Still watching as PA moves before I am certain of the waves in the right place.

Comment:

Double ZigZag and possible Rising Wedge. Keep an eye on volume for confirmation/breakout.

Comment:

We're at C target area but if it continues bullish action, C could be not done. WXY would place Y at 1.618 at 1211 Using caution. Will close short and reenter later if breakeven doesn't hold.

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