GCQ14 – August Gold (Last:1313.70)

The pattern shown is just gnarly enough to work, so let’s use its midpoint pivot at 1337.00 as a minimum upside objective for now.  A long-entry signal has already been tripped at 1314.80, but I’d suggest waiting for a small, uptrending ABC pattern to get long.  I’ve sketched this hypothetically, the idea being to look for your entry opportunity on the three-minute chart once ‘x’ is tripped on the ABC pattern shown