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Gold Spot / U.S. Dollar
Updated

Gold near-term roadmap: sub $2400 incoming for a bullish dip?

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Part of my ongoing analysis, see links below.

We are retracing as expected,
Bulls look to be tired for now.
Early plot suggest three targets.

$ 2315/16 "Speed Bump" needs to slow the drop.

$ 2401.37 - 2403.55 is the "Minimum Expected".
$ 2391.36 - 2391-91 is the "Best Guess" target.
$ 2382.46 - 2383.83 is the "Worst Case" target.

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Big Picture plot looking for $2700
Gold big picture: 2400 was "a" top? One more push to 2700 ?


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Pullback plot looking for $2307 bounce:
Gold near term: eyes on 233x then 2307 for uptrend supports


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Bounce topping alert at $2450
Gold eyes on 2455.51: Sister fib of our bouncer and may Reject


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Note
BOOM
snapshot
Collapsed into our "Worst Case" and going lower apparently.

Will evaluate this drop and post updated analysis.

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EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
fibextensionsfiboFibonaccifibretracementgoldenratioSupport and Resistance

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fibextensionsfiboFibonaccifibretracementgoldenratioSupport and Resistance
EuroMotif
Mod
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.