XAU.usd watch $3407/18: Key Resistance and end of "Wave B" ?

5月8日

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

Per the last plot, we bounced exactly where hoped.
We may well be at "Wave B" end point near $3400.
This is bears best and last chance to get a lower low.

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Last Plot that caught our bounces EXACTLY

Previous Plot called the last Dip Entry EXACTLY

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I will post updates on this Idea as price action progresses.

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Please follow and like, for more EXACT plots to use in your trading.

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5月9日

交易進行

PLUNK! Wave C well under way

(yellow shaded area is from posting time on).

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Zoom in a bit (M15)

Dropped EXACTLY from the fib zone as posted.
That was the logical spot to open shorts at the fibs.
Such precision lead to ZERO drawdown and instant gains.

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So where to?

First target will be $3200.
Purple 4.236 is first guess target of this wave, at 3202.35
Red 5.236 is a sister fib of our short entry 1.618 above.

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So we will hold shorts until 3200 (ish) and evaluate at that point.

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5月16日

交易結束：目標達成

BOOM! Target Hit

(yellow shaded area is from posting time)

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Closer look with some notes:

Dipped EXACTLY from our zone and posting time.
It may take another leg down but I closed 50% of shorts.

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Of note: I thought I had posted this update already.
But apparently something messed up thus a late update.

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