Waiting for correcting phase to end before long

Healthy correction phase in gold after a long rally. Want to see C phase to establish itself on Fib 38% before long. Will wait and see if 1400 holds and if we will see a positive divergence in both RSI and volume.

Comment:

Still no positive divergence. No position.

Trade active:

Minor position. Will size up if we touch 1380 and 1360. Positive as long as we don't take out 1350. Expect sideways consolidation before volume increase into new wave up.