We know that gold is on the season to bull. And it hit 1344 last wk which happen to be the neck position of last huge wave. A healthy correction from there is reasonable. Right now , if gold has another bear sign on 4H chart, the corrective wave could start down to 1300-1314 zone. After that, would love to see higher position as 1375 round.
Any pullback is nice right now. 1340 would be first entry. I think the price at least tests the breakout line at 1367 from here short term. Once a break of that line is confirmed there we are looking to 1375-1400 area.
Nee_sh
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Hi Vera, thanks for the update. I am still wondering if we will have a correction first, then heading to 1375?