GOLD - one more rally to 1,330+ is a good spot to hedge longs

This morning gold has gapped up right into my red target box from the chart I posted yesterday.

At this point any meaningful pullback in wave b down may be bought to ride anther push up in subwave c of v of ( iii ). Once we reach 1,330 it would be a good spot either to partially unload longs or get some short term hedge because we should get a pullback in wave ( iv ) down targeting at least 1,283. But the most reasonable target fr the pullback is 1,276 – 1,273.

GC - 120 min chart updated on 29 January 2019

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