Gold is currently making Higher Highs and Higher Lows in the Rising channel. R2 is exactly falling in the golden ratio area so expected drop during the CPI News
It looks like Gold has completed the 5th wave and is now in the process of Wave A . ... Correct me if I am wrong
Not necessary to agree with my ideas, I am trying to understand the price action. you can see my previous charts which are almost correct.
In addition to my 1st Post, today's Gold Move may hit the 1932 level we can see good retracement at that level
Gold is approaching to the Key and continues till the US Session and till ISM PMI News...