Gold was a %b buy on a break of yesterday's high for me. It needs to follow through with a daily close above yesterday's high. As I stated on an earlier post, I was watching for buy patterns since we pulled back to the weekly rotation zone. My first target for raising a stop on a short term trade is the 3112 area, on a close above that area, the probabilities shift for a rested of the 3170 area with a minor target of 3140.
On a break to new highs, the intermediate harmonic target is 3,230 and a major harmonic cluster is 3,260. - Mike
