GOLD reminder "B ware wave B": bounce may be a trap for C drop

25 Kas 2024

Gold topped and dropped exactly to our mapped zones.
After the biggest drop in a while, we got a strong bounce.
But alas, the bounce may be a "wave B" that drops again.

$ 2695.15 - 2700.92 is MAJOR resistance that may hold the top.
$ 2643.58- 2650.09 is the KEY, if lost then wave C very likely.
$ 2506.11 - 2518.14 is the MINIMUM expected for wave C target.

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Previous Analysis calling for $2700 top:

Subsequent plot looking for $2500 bounce:

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25 Kas 2024

İşlem aktif

BOOM

Drop exactly from our mapped fibs

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Zoom in for closer look

Ping on Golden Genesis was bulls best chance.
Next support had decent gravity to swing us a bit.
But then we fell straight through the next support.

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Adding a fib to the dip

$ 2609.34-2611.09 is best guess target for this leg.

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Lets see what the rest of this shortended week does.
Expecting a little more dip and then a bounce.

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26 Kas 2024

Not

Follow up to last snapshot above, we bounced

Mapped support bounced it but it was first pierced.
Would preferr a cleaner bounce to coll it a bottom.
But a bounce where expected, lets see where it goes.

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28 Kas 2024

Not

Followup to last snapshot

With updated fib of the dip and showing what caught it.
The 2.382 (not a common bouncer) is what caught bottom.
But the bounce is already retracing and probably go lower.

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Looking further below:

Wave's target is the 4.236 at 2534.39 reinforced by another.
Which puts us close to our original Target just below a little.
Let's see if any further progress over the US Holiday weekend.

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