Finally, I am able to devote some time analyzing gold's movement, with complete channels and trend lines coupled with an Elliot Wave analysis at the current levels following the UK referendum which we all know to have resulted in a win by Brexit supporters by a small margin.
From my point of view, I believe that we are in wave (iii) of 3 of this cycle projecting to reach new highs, targeting the 1373-1463 range (using Fibonacci retracement levels). Note that any point within this range is considered a good selling zone. It is important to take note also that I am using the daily chart as reference for my trading plan.
Note: I use my published posts as a personal guide. Please trade responsibly.