Short term outlook of gold on the 4 hour time frame. A break of 1264 will create a new wave down and a break up from current price can see a very nice move up. The Euro is looking strong for today which is positive for eurusd and will also see gold up so I say a upper wave is more likely. But keep a close eye on it just in case 1264 breaks.
TP: 1288
SL: 1262, (if 1264 breaks start selling) 1262 instead of 1264 because I dont like stops exactly on the right spot in case of just a short spike.
TP: 1288
SL: 1262, (if 1264 breaks start selling) 1262 instead of 1264 because I dont like stops exactly on the right spot in case of just a short spike.
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