Bosphorus_Capital
Long

Gold about to start wave E of 4 towards 1270/1320

FX:XAUUSD   Gold Spot / U.S. Dollar
While in the long term I'm bearish for gold             , I believe we will see higher prices until March 2015 to the tune of 1270/1320.

Gold             seems about to embark on wave E of 4 with certain signs of bottoming on intraday charts.

One more dip towards 1191 cannot be ruled out though.
Its more like a descending triangle now with the dumps but still could bounce to your e target.. and then down from there..
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