AndyM
Long

Is this a triangle in Gold?

FX:XAUUSD   Gold/U.S. Dollar
410 3 12
If this is indeed a triangle, then we will see some good thrust next week. Timing-wise this is aligned with other assets, SPX             down, Gold             up, EUR up in a correction.
ABC=W wave is completed at 1284 from the bottom. X wave (down) which test the trend break out is in progress. Wave A of X is completed at 1208. Wave B of X is in progress and in a triangle. Wave C of X will bring the price down to 1080 by 15th of June 2016. Any upward move will be below 1271.
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Will the time wave 2 is not too little will
Lang Lang 4 4 longer than a lot of time
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I think so, expecting a thrust as well, and same target. Let's see how it goes.
Cheers.
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