Gold Now Looking Bullish For 1st Half of 2012

Gold made a sharp and even impulsive rally from its recent lows towards the falling trend from from 1920. This type of a price action and the wave structure is showing early but very important signs of a completed corrective pull-back in wave IV. So the next key level for a bullish advance will be a decisive break of that trend line and also then of 1800 wave (B) resistance.

Gold 4h trend is clearly bullish but overboutgh, so we expect some ind of a corrective pull-back from that 211 trend line