Gold - Priceexplosion starts?

Gold has formed a hammer with yesterday's closing price and today opened positiv. Since then the course has been rising. But that's not all. The wave c has reached 99.9% of the length of the wave a and only missed by $ 0.14. That's crazy. This confirms once again that a turnaround has taken place.
Entry at $ 1,318.65
Stop loss at $ 1,302.5
Target: $ 1,512
There is an chance risk ratio of 12 to 1.