GOLD: Macro/Micro SR Fibonacci SchematicsHere we have every schematic for XAU-USD in 6 boxes. Every single box has a macro schematic along with a special set of Fib Forks for all. Some are more defined and visual than other ones. Let us examine this layout.
#1, #2, and #4 have the first three Fibonacci Spikes (In that Order)
#1 and #2 also have our closest micro supports stemming from 2016 and then 2022.
#3 and #4 have important extensions and forks as you can see easily.
#5 and #6 have one same pair of schematics but both boxes are different still.
Now we can infer about the support we see. We see support on #1, #3, and #4.
Then, see how we have resistance on every single one but it is at different levels. If any of these boxes link up on different schematics, we call this Fibonacci Clustering and it would be considered a more important level.
We can see a couple sets of Fib Clusters right off the bat in #1 and #2. Look at 2300 and 2400 and how both boxes have levels on both but are not the same schematics. This is a set of Fib Clusters.
#1, #4, and #5 have some as well at 2500. So we now see every resistance in this idea up to 2500. Once Gold decides to go higher, we will be exposed to the same fib levels higher and we will find the same phenomenon of Fib Clusters in the same boxes because they are all sequenced the same...
A larger macro view of XAU-USD is linked below.
