XAUUSD retrace watch: Gold has one more leg UP ?

Обновлено
Gold seems to be in a 5 wave impulse move up.
Currently looks to be in a wave 4 pullback.
Wave 5 has yet to start, but should do soon.
Заметка
Pretty solid fib of the dip снимок

The above micro-EW indicates we are headed for the lower target to end bigger wave 4 снимок

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Заметка
This blue micro- fib was confirmed early on with 1.236 and 1.618 pings снимок The susquent action indicates the blue 4.236 end of wave which lines up prefecly with red 3.236 from next higher tf снимок thus 1281.78 my next target.

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Заметка
three short term fibs pointing to 1281 снимок

and higher tf fib proved 1276 important снимок so will be observing 1276-1282 under microscope

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Заметка
1276-80 still looks good снимок
Заметка
Precise rejection at the confluence of 2 fibs снимок

So this 12345 to the bottom of our support zone looks quite plausbile still снимок

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Elliott WaveFibonacciSupport and Resistance

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