Gold - wait a little .....

Gold has only one trade consideration presently and that is long.... It is too bullish for a countertrend trade ....

On a daily basis I would prefer to enter long at a retest of support -

Enter - between 20 and 50 MAV, below R1 monthly Pivot.

Target - very long to the monthly R4

Stop - below the 50 MAV , which price has completely respect with this uptrend.

RR = 3.5......