30656 IS VERY HUGE SUPPORT FOR THIS AS IT HAS BROKEN CHANNEL ON UPSIDE UPPER LINE MUST WORK AS SSUPPORT NOW TARGET FOR LONG MARKED IF IT ENTERS CHANNEL AGAIN ON CANDLE CLOSE BASE GO SHORT
Gold is favored to remain in the cycle up from 8/16/2018 lows where the daily right side is up. A pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1447 on 11/12/19 where the 4 hour is turning up. The metal is favored ended ended a wave B at 1593 where the hourly is turning down to correct the cycle from the 1611 highs. While...
Sustaining 30780 - 30820 will make the price to move towards 30880, 30960, 31120 and 31380. Bearish if it breaks the level 30600 - 30640 for the targets 30520, 30400, 30260 and 30080.
Sustaining 11990 - 12010 will make the price to move towards 12040, 12080, 12130 and 12160. Bearish below breaking 11940 - 11960 for the targets 11910, 11880, 11840 and 11780.
Sustaining 29860 - 29900 will push the price towards 30000, 30120, 30240, 30400, 30620 and 30840. Bearish below 29800 for the targets 29720, 29600, 29440, 29300 and 29080.
Sustaining 11660 - 11680 will make the price to move towards 11720, 11760, 11810, 11840 and 11880. Bearish below 11620 for the targets 11580, 11540, 11480 and 11420.
