Take a look at my most recent analysis on Gold following this drop and stop out of our trades in profit. Whenever any of my trades gets stopped out whether in profit or not, I always look to learn from why the trade got stopped out and is I need to change my outlook.
So to get to the point, no, my outlook has not changed just due to "little" drop we just saw take place. We still see it as . And in fact, if my wave count is correct, then what I am looking to do is to wait out this "little" drop and see how far it goes and if the price action tells me that my wave count is correct, I will be looking to BUY into what would be a wave ( iii ) of 3! The "wonder to behold" wave. But certain things must happen to confirm my wave count and before any trade can take place.
Want more info on Gold and what might happen next? PM me or check out my links below.