EuroMotif

XAUUSD near term Fib Series says more down. Gold to hit Band 9 ?

EuroMotif Mod Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Followup to my ongoing analysis of Gold.
Near Term Fib Sequence firmly in control.
Expecting a retrace then a drop to Band 9.

Previous Analysis:

Short call (a bit early)
Long call (under estimated)
Tripple Bottom to break
Long term I still see one more leg up

Comment:
So far Gold attempted to break out of Band 7 but could not reach Band 6 and now resting on Band 8 again. I still think Band 9 is coming in the near future.

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