XAU.usd approaching crucial supports, looks headed to $1411 soon

Part of my ongoing analysis of Gold movements (see links below).

We all know the virus fear that is now spreading worldwide.
Many investors are fleeing to cash, even selling the Precious.
Now approaching crucial supports with a chance to reverse it.

$ 1466/68 is first decent support but was pierced already.
$ 1411/15 is a MAJOR support that bulls really need to hold.
$ 1400/03 is Bull's LAST STAND, below which is much doom.


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Previous Gold Analysis (click):
$1650-1750 Tragetted
$1430 Targetted
$1516 Top Call
$1498 top call
$1650 then $2100?<= Still Plausible
$1480 short TP
$1555 top call<= Just in Time
$1406 to $1525<= Caught the Jump
$1439 top call<= To the Penny
$1332 bounce
$1270 bounce<= To the Penny
$1280 break
$1380 call <= 9 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:

Bulls Struggling

"Minor Support" holding so far

But barely holding, since it was pierced.

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Zoom IN (5 min)

shows the precise range boundary defined by the fib zones.
Breakout in either direction should accelerate in that direction.
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