AndyM
Long

XAU pending thrust out of triangle to 1203

FX:XAUUSD   Gold Spot / U.S. Dollar
XAU has completed the first five of the correction, now in triangle, completing wave E. We need another five to finish the correction, so I expect the thrust out of triangle will deliver it. We will likely travel "into the price territory of wave 4 likely near its terminus" - approx. at 1203 where strong resistance also resides.
I do believe this upward movement will coincide with the last leg of EUR correction, Oil             moving up one last time in subwave 5, USDCAD             down in wave C. Then a good reversal will happen.
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