Gold - If below 1190 - it may trigger a move to 820 in Q1-15

FX:XAUUSD   Gold/U.S. Dollar
350 0 6
- Above 1270, Gold             may be out of the woods.
- 1190 is a very important support.
- A wave V down could be missing. (wave III             was 600 USD, the maximum move down could be the same from 1431)
- If 1190 is broken, Gold             may fall as low as 831 in Mar 2015 where it would be a multi year buy

For now, watch.
It will be interesting to see how Gold             behaves if there is a meltdown on equities . It is not guaranteed that it would take a safe haven role in a deflationary induced correction....
I am more interested in the subsequent buy.
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