GOLD short term update – what just happened?
GOLD has so far played ball within the new wave count.
Wave 'iii' down has traced out a clear five wave internal pattern.
Wave 'iv' is now underway off that early morning low in wave 'iii'.
It may even be complete at the session high,
we will on Monday how that goes.
This evening the price has turned lower again into a possible wave 'v' of (c).
Watch for a break of the previous wave (a) low at 1280 to complete wave (c) and wave [ii].
Next week should bring the initial move higher into wave [iii].
And a bullish opportunity should present itself later next week,
with the formation of a bullish higher low off the wave [ii] low.