Breakout Gap Running, page-164

Gold has played out as I thought (so far). Take a look at this chart on where Gold has come from and where it is heading, in my opinion of course. 

Here is why I think GOLD is going higher.

1) The Elliot wave count says so. Put simply, 5 wave up, 3 waves in correction, repeat again and again (put very simply).

2) The Stochastic and RSI indicators are at a level where the correction was over last time. See ellipses in the indicator region of chart.

I've shown the "typical" 3rd wave Fibonacci target on the chart. It says, $U1,296. Now that is the most probable target, but the timing is always difficult to predict. I've placed a box around the boundary in time and price where the turn around will happen. Nothing is guaranteed, but I'd put a 90% confidence factor on it.

Here is hoping all goes to plan and the TRY share price responds in similar fashion.