Gold seems very much prepared to make a play in favour of the bulls, Longterm we are well in the middle of the play, but short term provides great opportunity at the levels we are currently trading as we may break away form the sideways market seen for the past 2 or so months.
Here is the longterm picture:
Looks like we have been trading a channel (green) and have posted ABCD-waves and could now be about to make a run to advance toward completing the E-wave.
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Gold seems to be making its way towards the 1324 handle. Hopefully we see more bearish followthrough, which should open up a great buying position.