EuroMotif

XAU/USD coming into 1st of 3 major supports starting at $1930

OANDA:XAUUSD   Złoto / Dolar USA
XAU is coming into 1st of 3 major supports.
Watch each level for possible bounce/bottom.
We should see at least a "wave B" bounce soon.

$ 1929 - 1931 will hopefully bounce a bit or slow it.
$ 1916 - 1921 likely to bounce and possible to end a wave.
$ 1895 - 1904 MUST be strong or bulls are in serious trouble.

$ 1958 - 1963 will be first significant resistance above.
$ 1971 - 1958 will be a major hurdle needing many attacks.
$ 2025 - 2031 a good possible top of "wave B" bounce to end.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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