As per short term view, GOLD
is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started.
As long as GOLD
prices are above 1960 level , one should go long for the target zone of 2050/2150/2190.
Invalidation level : 1960
For long term scenario on GOLD: refer to the attached link .