Gold 4th wave completed?

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             rallied back up 1224.95. This should be great region to execute some short positions to capitalize on the potential 5th wave. However there is a potential that it head higher to the 61.8% region before turning around.
Comment: Gold went up a lot higher than I expected. However adjusting an upper level of the trend suggest that the yellow metal is still bearish

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