XAUUSD big picture has a "Wide Open Space": Gold to hit $1522 ?
Updated
Gold has already made a historical move, as you know.
It is now perched at a major turning point of growth.
The next leg could jump to $1522 in one big candle!
Charted are the two important Fib series.
Just above is a Wide Open Space devoid of fibs.
Entering this space for the first time in several years.
Will it go higher? I have no idea.
Has it topped for now? Probably.
Retrace then Rocket? Hopefully.
Gold Bugs are surely salivating.
Manipulators are surely shaking.
Historians are surely studying.
I will be posting near term plots in other Ideas, check back.
My Previous Gold Analysis (click):
$1386 bounce
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 5 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.
.
It is now perched at a major turning point of growth.
The next leg could jump to $1522 in one big candle!
Charted are the two important Fib series.
Just above is a Wide Open Space devoid of fibs.
Entering this space for the first time in several years.
Will it go higher? I have no idea.
Has it topped for now? Probably.
Retrace then Rocket? Hopefully.
Gold Bugs are surely salivating.
Manipulators are surely shaking.
Historians are surely studying.
I will be posting near term plots in other Ideas, check back.
My Previous Gold Analysis (click):
$1386 bounce
$1400 bounce
$1439 top call
$1332 bounce
$1320 top Call
$1270 bounce
$1280 break
$1380 call <= 5 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.
.
Trade closed: target reached
So there we have it, target hit, overran a bit, then pulled back hard Zoomed in, we see a near exact hit (at red arrow) then the spike above (bull trap) and subsequent sharp drop.
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