ken168
Long

Go LONG by 1240 on Monday-14th March for target 1315 exit...

FX:XAUUSD   Gold Spot / U.S. Dollar
544 4 11
See daily bar chart and small (blue) channel box;
price bars floating n sitting along REVERSAL trend line
and in the lower half band of small (blue) channel box.
Monday trading range could be
(border edge low 1243 to hotline high 1283)
then,
weekly high could be by 17th March in range
(hotline 1296 of channel to upper channel ceiling 1337)
then, closing price for the week could be midlink value 1315 nearby.
then, continuing complete this Fibo target 1382 before turning south.
gotta watch out for the fed though.
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Gold in Bull motion caused by fears of global economy recession . Here is my EW count which support to your ideas
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Beautiful Channel
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Thanks for your plan. Please keeping update. ^^
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