Gold has broken above minor resistance at 1,755.42 indicating that wave 4 is complete and that wave 5 higher to 2,705 now is in motion. A break above 1,868 will confirm that wave 5 has taken over for a rally to the 2,705 target.
Support is now seen at 1,755 with key-support at 1,677.
Trading recommendation
Buy gold near 1,755 or upon a break above 1,868 for a rally towards 2,705
