The structure here is clear and simple. Prices always move in 5 impulsive waves, 3 corrective waves or triangles. In all cases, I am anticipating a C/3 wave to the upside with minimum target =1.18 (if it is a C wave) and second Ideal target= 1.59 (if it is a 3rd wave).
The current wave count on gold
supports my idea of a near term bounce for gold