We expect upside breakout on gold market

14 Eyl 2018Market yesterday has completed our short-term ultimate 1211 target and we need to increase scale of targeting.

While our medium-term expectations are 1240-1250 area, in shorter term we have 0.618 AB-CD extension above recent top.

While market holds 1200 lows valid and stands above re-tested trendline, we're looking up.

Currently price action mostly points on upside breakout attempt and reaching 1217-1220 area, depending on amount of stop orders above "B" point