XAUUSD at crucial support of $1330. Gold correction under way

Part of my ongoing analysis of Gold movements (see links below).

After a meteoric rise we might have a correction under way.
Current support zone is crucial in determining trend strength.
Break of this support is likely, so preparing for zones below.

1329-1330 is current support would be nice to hold.
1314-1315 is likely retrace zone which should hold.
1297-1298 is critical zone for Bulls to hold at all cost.

Previous Analysis (click):
1366 still targeted
1347 topping call
1320 bounce call
1300 long to short
1267 bottom call

Kommentera:

If wave C is actually underway now, then we should see a pretty strong drop soon for wave 3 of 5 that make C

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Kommentera:

Well I am happy to be wrong about the retrace. Obviously 1330 was indeed the launch pad. Gold has also give me a bonus, an absolutely beautiful example of an Impulse and it's Ripples

Gorgeous!!

Original target of 1366/67 now in clear focus, per this Idea

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