Gold/USD It's Still a Bull But Wait For The Pullback

We haven't got good news and calendar data about USD and this has been a good news for the gold. Base on the data for ADP National Employment, Initial Jobless Claims for US which published yesterday and Elliot wave analysis I assume that gold is going up but there could be a short pullback on the level of 13000. This level is 123.6% Extension for both smaller and larger degree and it is also psychologically important. This data give us clue that in the smaller degree we are going to have a triple combination. Pullback which is going to make second x-wave will probably continue to the 1293.00 level which is a 61.8% fib Extension in current degree and is also the size of the first x-wave; after that, price will bounce up to the 1306.398.