XAUUSD hit first target EXACTLY, now what? Gold retrace watch.

This is a followup to my ongoing analysis of Gold moves.
First target was hit EXACTLY per most recent plot below.
Now expecting some kind of retrace to plotted supports.

We may HIGHER first, but the retrace zones would still be valid.
This posting is during Asia session just before London Open time.
Asia might buy more but expecting EU/UK to take profit at least.

Be aware of possible BULL TRAP at London Open like they do.
Be aware of any TRADE WAR news going into US session later.
Be aware of the YEN strength and Stock Market SENTIMENT.

Previous Analysis (recent first):
$1367 target still IN PLAY
$1300 target hit PERFECTLY
$1270 bottom call BEAUTY

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See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page.
Silver long (Prefect Price and Time)
Oil Long (Long term Call)
Oil Top Call (Recent blow off top)

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.

評論:

That may have been the Bull Trap mentioned above

shot above the obvious resistance, and have fallen back below.

Zoomed in we see two near-exact rejections from resistance zone before piercing it for the bull trap

Also note the relevance of the blue 6.618 fib nestled within the red zone. Those confirmations add faith to all of the other lines of that Blue Fib. Now approaching first possible support at $1320.

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評論:

Still bouncing into the resistance Zone

either drops real soon, or it will blow thorough it on next approach from underneath.

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