Bullish Outlook :
Gold continued its upward push, carrying to the 1168.6 intradey high today, that indicates advancing in Minuette-degree third waves in either count.
Short-term, the outlook against 1147.4 is bullish to the 1255 area where Minute-degree third waves would achieve a Fibonacci 1.618 expansion level of the first waves of the same degree.
Technical note : With respect to the entire pattern(developing in Intermediate-degree trend) as a “Running triangle”, we could not determine extreme of Minor wave C based upon ratio which establishes with Minor wave A.
Note: I’d appreciate my mentor’s great advice on Minute-degree wave down (1169 to 1097), as a completed correction.