XAUUSD GOLD Potential Correction

- US Jobless Data comes better than forecast.
- XAU Speculative Long Positions Record High
- NFP Ahead

2040 is the key level.

Breakdown will carry the price 2000 and 1980 $

Technically:

Minor Cycle Retracement H4
H1 MM Resistance

Good Luck.

Note: Medium Term Target is unchanged 2080 - 2160 - 2200

Comment:

TP1 OK
Cycle Sniper : prnt.sc/tvrjh7

Comment:

TP3 2015 $ OK

Comment:

Price Action Sniper ( PAS ) Indicator M30 Bullish Retracement
prnt.sc/tw3v0t

Comment:

What’s next?

Bulls will try to defend 2031 $ ( MM 5 /8 H4 )

According to the fundamentals and Cycle Theory, we predict bearish continuation down towards 2000 $ and 1980 $ if the bears keep the price below 2031.

Our Medium Term Target: 2125 and 2250

Comment:

Our XAUUSD forecast posted January 2020.
2125 $ 2.618 EXT.

Comment:

2000 $ OK
Waiting for Swan