Geofftv1

GOLD - 4 Hour update, expanding diagonal.

Long
Geofftv1 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold seems to be now tracing out an expanding diagonal for wave Y as shown on the chart. In an expanding diagonal wave 3 is greater than wave 1 and wave 5 is greater
than wave 3, hence if correct I expect gold to reach above the 1300 level and into the target zone.
Good Luck
Comment:
Gold is currently in the b wave of wave 5.
When complete the c wave should push Gold above 1301
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