New Wider bullish channel

FX:XAUUSD   Gold Spot / U.S. Dollar
582 4 17
New Wider bullish channel
target is 1260 then retracement of 61% or mid channel or bottom of channel
Comment: top is 1260 then i expect retracement
Comment: 2nd target is 1280
Comment: took some profit. will buy again at a retracement targetting $1280-1300
Comment: tp1 1263
Comment: wow the channel bottom just touched. i didnt expect this so soon!
Comment: next target is likely 1280 now
very good market moved according your view...
Here is our retest of 1242.60 to 1225 area starting at 10:00am CST. PL is also playing with its S/R level of 961. AU and PL appear to be playing well together.
Good call with maybe a little extra possibly.
Loii PP-Guy
thanks, i think we might have to wait for yellen for this to go to 1260
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