XAUUSD has at least one more leg down? Gold retrace watch

Gold peaked as expected and has been retracing.
Looks like it has at least one more leg down to go.
This may be just wave A of a bigger ABC correction!

But we should see a decent bounce here soon.
Where is bounces FROM and TO will be telling.
Lack of bounce at plotted zones also telling.

Previous Gold Analysis (click):
$1450 top call
$1522 eventually
$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.

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评论:

Bounced exactly where it "should" have

I am not yet confident this is "the" bounce to turn us around, but did have some limit buys in the zone that go picked up. Now trailing a stop.

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