FX:XAUUSD   Gold Spot / U.S. Dollar
87 1 2
The break of 1319.60 has forced me to reconsider my white count. Failing to strongly move through overhead resistance was an early clue that gold             might needs a longer/deeper consolidation. Below 1268.60 the nearly-forgotten yellow alternative will be examined closer.
Only an impulsive move down, followed by corrective structure retracing that impulsive drop, would get me concerned about the long term rally.
Updated purple wave ii. Price isn't falling in an overly impulsive fashion as shown in white iii, but certainly still a possibility below low in wave i.
snapshot

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