Gold is behaving exactly as charted above, in a triangle pattern, gold found support at 1335 before turning back up to 1355. Again sellers came in a pushed it back to 1333-1335 level. The pattern is due to a break down possibly. This is how I count waves in a triangle pattern. Wave 5 is coming I guess so. And gold might break down to 1310-1320.
Gold is still trading within market range, a break out of that triangle pattern is due. I am updating my waves count due to current market situation. Only a close above 1350 will confirm breaking out to the upside.