FX:XAUUSD   Gold/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.

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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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