Gold ~ long term ABC correction nears completion...










Price should be working on a five wave rally which will complete wave (C)of  [B] as shown on the chart. The first target is the upper red channel line currently sitting around 1535.00 which also corresponds with (C) being equal in length to (A) around 1532.00. Breaking above this area by much for an extended period of time would be bullish for a further move to the 61.8% Fib retracement level around 1680.00. This would also come as a surprise!

A break and over-lap of wave 1 before completing the five wave structure would be bearish.
Follow the Trend
and
"Trade Safe"

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