XAUUSD retrace watch: Gold has one more leg UP ?

Telah dikemas kini
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.
Nota
Pretty solid fib of the dip syot kilat

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

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

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Nota
three short term fibs pointing to 1281 syot kilat

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

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Nota
1276-80 still looks good syot kilat
Nota
Precise rejection at the confluence of 2 fibs syot kilat

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

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Elliott WaveFibonacciSupport and Resistance

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