Gold long idea: Fibonacci levels and overbalance
Gold is currently ending a correction in an uptrend. The area of supply is between one to one fibonacci extension level which coincides with 1.618 of the wave A-B and 0.618 of the last impulse. The price should react and go at least up to 1763 (0.5 of last impulse) and then to 1835 (top of overbalance). If the price breaks below 1638 either with big voulume and momentum, or breaks and consecutively stay there, we are going lower and the first possible stop is at 0.786 of the last impulse.
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