Are metals starting to bottom? Gold might be.

COMEX:GC1!   Gold Futures
54 5 0
A close above 1100 would complete a rounded bottom pattern and strongly suggest a LT             bottom in place.

Low risks long for this eventuality against TL and smaller TF fib retracements
ROAR - close important. Above 1100 preferred. Above closest TL essential. Interesting to see what happens to Gold in a confirmed risk-on environment. Continued equity strength + sustained break = jackpot. LT reversal wedge not tested until (currently) 1175
Order placed @ 1069. Stop 1060
LineKing LineKing
LineKing LineKing
Looking for 3rd intraday corrective (C) wave (AB=CD @ 1068). Splitting order. 1/2 now @ 1074. Will look at PA before deciding next move. Bias for entry with bullish undertone with equity markets. Hard stop at 1060. Will cut quickly if unhappy with momo.

Silver mirroring.
LineKing LineKing
Extended TL on above chart. Confluence of TLs and C wave corrective targets at 1070. Back to Plan A. In event of entry, will move stop to B/E/cut trade if in red before release of FOMC minutes
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