matt.sulli42
Long

gold:increasing volatility and volume resulting in higher lows

OANDA:XAUUSD   Gold
Support around both the previous .5 retracement and current .618, but a downwards bet on gold             could complete a wave 5 before correcting to wave 4 low. I expect either a double abc, or a setup for a small head and shoulders (rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility and Volume could cause expansion of price above 1285 in next couple of days, however--large volume activity past few days resulting in higher lows.
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