GOLD// First Target Met (UPDATE)

Recent price action shows that gold has finally retested the broken area of support ~1800 and the top of the descending channel.

This area is also the 61% retracement and the first TP target for the harmonic pattern (shown as the current short term pattern). I will now expect a short pull back. If GOLD can keep its momentum + the U$D continues to weaken then we can break the TL and IMO start the next leg up from this bull flag.

I will move the diagrams into the Price to show a better roadmap of what Im looking for.

Komen:

Longer Term

Short term

Previous Analysis