I am bullish
gold: broke multi year channel; inflow in gold
ETFs; yen is strong against USD; FED is late and oversold the idea of raising rates. Anything can happen tomorrow. How to play gold
. Today at writing this note gold
is in tight range. As long as 1238 is not breached the bullish
short term momentum is at play. 1260 level might present stronger resistance and send gold
down to 1180. Not using Elliot wave
count but the pattern we experience might be corrective ABC pattern before we take off again.