waiting for breakout of weekly trendline
Wave 3 building momentum to go higher, heading towards 1.618 of wave 1.
Komen:
more consolidation before break upwards. Lower limit around 1307
Komen:
Longer term perspective:
For medium term I believe we will go higher. See the big falling wedge. It could imply a wave 4 or wave B in a bigger perspective, but for medium term on the weekly and daily chart I believe we will climb higher with gold:)