It is common to see overthrows in ending diagonals which is why i think price can meet wave III at 1285, perhaps even higher, before making its' decline. However, because wave III was so strong, this 5th wave may fail to reach its' ideal target price (truncation). Therefore I have created a target in the 1270-1290 range for gold to complete its' .
After completing the 5th wave I expect gold to begin its' 3 wave pullback. The initial target will be between 1190-1210. This pullback can target much lower prices, but that can not be determined until the move down develops.