Yes, that is what our channeling method suggests.
XAUUSD Daily Chart - May 1, 2016 (Close of April 29, 2016)
In this daily chart, we have 5 moves up off the low and Gold is currently trading in the red wave iii of the blue wave (5) of the intermediary i.
We expect this wave iii to top around 1310-15, which corresponds with the 162% extension level. Then, any ... Read More