Gold may have completed the abc expanded flat , within a minor wave 2.
The current wave to break the channel , may have completed a subwave 1 of minor wave 3.
Looking for price to now move back to .5 - .618 fib , between 1215 and 1218. From there price to rise to points d, b of channel and finally to and past wave b.
It would be bearish for price to break 1214 and 1204.