If Gold is still long-term then this plan would be valid. We are finishing the last leg of the impulse wave (v) before it begins to correct. How low? No lower than the start somewhere around 1302 but here is where I'll be watching:
After this, again as long as everything here is valid, we'll see new highs making the 1400 and 1500 chasers very happy. I'm no perma-(bull/bear), I just trade what I see as it unfolds and try to keep a plan based on a bigger picture for the time it happens.
Good luck, let me know your thoughts.