Looking for Gold longsXAU/USD SpotFX:XAUUSDALJS-TradesHello, 3 clear waves can be seen on Gold, we are now in the 4th wave correction in the form of a descending channel. A breakout of this channel would mean we have started wave 5. On Friday we tested and rejected the 4 hour EMA which may act as a support. My target for this outcome would be around the $4800 area.