XAU retrace NOT done yet? Gold likely to retest $1555

Friends, please hit the LIKE to encourage these publications.
Between mod duties and my own trades it is not easy to post.
This is part of my ongoing analysis of Gold moves (links below).

Wow, what some crazy moves we have seen in last 2 days.
Friday asset liquidation hit everything including our Precious.
We got a "relief" bounce on Monday, but looks like more down.

$1596-1599 is MAJOR resistance we are currently fighting.
$ 1611-1613 is Minor resistance but may have done the job.
$1619-1623 is the the target for wave 4 if is not done yet.

$ 1586-1588 is nearby support, till not bounce it again.
$ 1576-1579 is the Last good support before 1555 below.
$ 1548-1549 is the back stop in case of 1555 breach.

.

Previous Gold Analysis (click):
$1691 Top Mapped
$1430 Targetted
$1516 Top Call
$1498 top call
$1650 then $2100?<= Still Plausible
$1480 short TP
$1515 top call<= Awesome Short
$1555 top call<= Just in Time
$1406 to $1525<= Caught the Jump
$1439 top call<= To the Penny
$1270 bounce<= To the Penny
$1380 call <= 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.

.

Comment:

FED Emergency Rate Cut

LOL, so much for this plan

Fed just issued an "emergency", un-scheduled rate cut of 50 bps.

25bps was expected, but at the upcoming MEETING.
This was out of the blue. This will take some time to digest.....