Gold had recently pushed lower towards 639 USD. It came to my attention that it’s moving in an uptrending channel which started at 560 USD.
By viewing the daily chart, it seems that Gold completed wave 3 by hitting 688 which is also channel resistance.
Gold is currently in wave 4 and I expect this wave to stall ahead of 630 USD (channel support) then expect an eventual run to build wave 5.
It seems that Gold ultimate target is well over 700 for the near term which confirms that wave 5 should be completed before we fall in an A-B-C correction.