Gold Spot / U.S. Dollar
Short
Updated

XAUUSD GOLD Potential Correction

915
- US Jobless Data comes better than forecast.
- XAU Speculative Long Positions Record High
- NFP Ahead

2040 is the key level.

Breakdown will carry the price 2000 and 1980 $

Technically:

Minor Cycle Retracement H4
H1 MM Resistance

Good Luck.

Note: Medium Term Target is unchanged 2080 - 2160 - 2200





Note
TP1 OK
Cycle Sniper : prnt.sc/tvrjh7
snapshot
Note
TP3 2015 $ OK
snapshot
Note
Price Action Sniper ( PAS ) Indicator M30 Bullish Retracement
prnt.sc/tw3v0t
Note
snapshot
What’s next?

Bulls will try to defend 2031 $ ( MM 5 /8 H4 )

According to the fundamentals and Cycle Theory, we predict bearish continuation down towards 2000 $ and 1980 $ if the bears keep the price below 2031.

Our Medium Term Target: 2125 and 2250
Note
Our XAUUSD forecast posted January 2020.
2125 $ 2.618 EXT.
snapshot
Note
2000 $ OK
Waiting for Swan
snapshot

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