After the end of the 3rd rising wave at 1263.37, gold
is following an A-B-C corrective course. The apparent completion of the B-wave heralded by a head & shoulders
formation & coupled by a Gartley pattern
may lead towards the first target around 1210-1213. Although at first glance the C-wave
may seem a simple W-X-Y, a much more complex Y in extended form could unfold in the future. All will be revealed in due course.