Gold may be about to enter a 3rd leg of a wave 3 in an uptrending channel.
Wait for further correction to channel support ( or better still .618/.666 retracement) between 1228 and 1240 .
When the MAV obtain golden cross , and HA moved above both MAV , consider a long position.
The upside targets 1376 and 1421.
The trade is stopped beneath 1194.
Potential RR = 2+
Wait for further correction to channel support ( or better still .618/.666 retracement) between 1228 and 1240 .
When the MAV obtain golden cross , and HA moved above both MAV , consider a long position.
The upside targets 1376 and 1421.
The trade is stopped beneath 1194.
Potential RR = 2+