Hello friends, please hit the LIKE to motivate these publications. Between mod durties and my own trading, it is not easy to post. This is my 3rd update in mapping the journey $1650 since $1161.
Update in that we are about to hit a possibly serious resistance. It would also be a "respectable" wave 3 for it to wind down soon. Perhaps this Friday or Monday we will see a pullback for wave 4.
$ 1640.53 - 44.97 is the immediate hurdle and possible end of wave 3. $ 1704.77 - 15.86 is my Best Guess for end of this five wave impulse. $ 1739.63 - 42.33 could be hit by overshoot/bull trap before dropping.
Of course, the "Sentiment" could change at any moment. Weekend news about the "Virus" could whipsaw price soon. But the overall "Technical Structure" implies higher targets.
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Previous Gold Analysis (click): <= $1650 Chapter 2 <= $1650 Chapter 1 <= Awesome Short <= 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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Initial Target hit
And looks like it will say for the "Bonus Round" (dotted arrow)