Gold - has a clean bullish count targeting new higher highs later in 2019

In my previous post dated 1 March 2018 I provided you with expected bottoming area for a corrective wave ( iv ) down in between 1,286 and 1,273.

On 7 March 2019 Gold bottomed with a spike to 1,280. The lowest close was 1,284.40. Look how nicely the bottom was caught by 1,000 MA (the magenta line ).

Off that bottom of the wave 4 down we should expect a rally in wave A of 5 targeting the previous 1,349 top of the wave 3 up made on 19 February 2019.

GC - 120 min chart updated on 13 March 2019

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