Gold has achieved our MFU-4 target of $1790, and we are closing the long trade. An MFU-4 target is a zone where we would expect a pullback the degree to which is unknown. Given that, we are out for now and will reassess in the coming days.
The long-term bullish "Cup & Handle" pattern remains intact after the recent high volatility. On a daily timeframe, we are starting to position for another leg higher for a move to our MFU-4 target of $1790.