Looks to me like one more move down to the 1179.00 area for Gold. Currently in a complex correction downwards. Bullish trendline (Red) has already been broken. Good shorting oppurtunity. In the bigger picture if 1179.00 holds we should get more to the upside (1300.00 area) The "A" wave up appears to be a leading diagonal and we should see a move above it. There is a possibility in the longer term that we are in a large symetrical triangle.