Higher Targets On Gold

I am waiting for an entry to confirm the long for my target to 1590. As things stand now, price is trading below the resistance of the corrective structure. It is possible that there will be a 5th wave to the downside before the break to the upside. Should the break of the structure occur now, I will trade the long to 1590. Should the price retrace for the 5th wave first, I will begin scaling into a position at the break of the low of wave 3

Happy trading!

Linton White
JP Markets
South Africa