XAU hit ALL targets then OVERSHOT, now the Consequences

Hello friends, please hit the LIKE to motivate these publications.
Between mod duties and my own trading, it is not easy to post.
This is a near term update of the long journey towards $2100.

Plotted are Key near-term support and resistance zones.
I know, I know, draw enough lines and some will hit, right?
The goal here is to gauge the strength (or not) of the Trend.

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Previous Gold Analysis (click):
Check Point Charlie[/b<= $1650 Chapter 3
$16-1800 Resistance[/b
$1650 then $1750[/b <= $1650 Chapter 2
Exact Map of Top
$1516 Top Call
$1498 top call
$1650 then $2100?<= $1650 Chapter 1
$1480 short TP
$1515 top call<= Awesome Short
$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

Comentário:

Back to the Decision zone.

Currently orbiting the "Decision Zone" in grey

Zoom IN (5 min) for a closer look at that decision zone

clear relevance, and appropriately named.
err.. Mayb it should be the "Indecision" zone :)

But overall the bears look to be in control.
Bulls could not stay above this zone.
Now bears may have take control of it.

Am still leaning towards another leg down.

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Comentário:

Bottomed?

Just pinged first possible end of ABC

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Zoomed IN (15min) and what a GORGEOUS Ping that was

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Of course, every previous support will now be resistance.
So it will not be an easy climb back up, slow and steady would be best...

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Comentário:

Nice Bounce!

But just ran into first resistance

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