The path I believe Gold will be taking during the next month.
Commentaire:
Once it reaches around $1500, I would not add any more Long positions. I'd even stop adding positions once it breaks this flag (around $1440) such that I don't end up being so top heavy with entries. I don't think there is much left for the upside after that. I believe that would be the top of it's run to the upside (C wave that started last summer), thus ending the correction that started in Nov 2015. At this point, I'd start to look for Sells.
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Once it reaches around $1500, I would not add any more Long positions. I'd even stop adding positions once it breaks this flag (around $1440) such that I don't end up being so top heavy with entries. I don't think there is much left for the upside after that. I believe that would be the top of it's run to the upside (C wave that started last summer), thus ending the correction that started in Nov 2015. At this point, I'd start to look for Sells.