Now the price is at the bottom of macro channel. It's time to retracement. The question is: Up to witch point the price would raise? Could this be an Uptrend? Need more data :-)
We are trying to guess the trend of the Gold. The First target line would be around 1922, but it seems before uptrend there we will see a decrease in price to around 1870 and then an Elliot wave to 1922. let see what will happen.