Gold looks to have found a low in the past couple of days, which means a minimum three wave reversal higher can be in progress. An indication for a low in place is current bullish activity and a breach above the upper channel line which usually suggest a change in trend. Well, if that is the case, then we could be in for a minimum three wave reversal higher. Ideally price will extend its current gains towards the former swing four at 1228.5 level.
GOLD, 1H
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