XAUUSD Plan worked out like a charm

Gold (XAUUSD) followed our last analysis very efficiently and reached the 1860 Target today:


Right now the price is attempting contact with the 4H MA200 (orange trend-line) for the first time in a month (since Feb 09). At the same time it makes contact with the 0.382 Fibonacci retracement level of the February 02 Top. With the 4H RSI overbought musch like on March 03, we are expecting a pull-back to at least the 4H MA50 (blue trend-line), where it can approach also the 0.236 Fib and then rebound to the next target of 1880 (Fib 0.5).

The Inverse Head and Shoulders Fib 2.0 extension target is at 1913.50 and this is our long term projection.

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