Gold waiting to go up. Bullish Channel on H4. Prior to that (In the next few weeks I would look for the lower wall of the channel before going up
Price is touching the top of a previous swing point. That level is also the -0,618% of the last retracement (38,2%) WAVE 2. The last expansion was the 3 wave. Now we are waiting for the wave 4. Based on the alternance law, this one must be quickly and deep to the 61,8 retracement of the last expansion. This level coincides with a previous swing point too.