Gold

Gold is bouncing back by taking support with hammer candle at parallel channel's bottom, and also follow up.
If it holds hammer's low, then it can show momentum towards top of the channel and more.
As per waves structure it's like running flat, in parallel channel as corrective phase, now we can assume that impulse is going to begin or already have started.

Wave Structure could be like this

Key Levels are Mentioned on chart

Running flat in parallel channel

Weekly macd is positive and flat after down tick.

Daily macd positive crossover and Uptick.

Daily RSI is Uptick

Stochastic in daily is positive and Uptick

Convergence in dmi


Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing