Gold

I like to see a last leg lower for wave (b) before we see an impulsive reversal
Below you can see my long term outlook and I believe gold to be in a long term consolidation after the bull rally from 1998 to 2011 peaking at $1921.50.
Alternative scenario is that wave B is already in place, in that case I will wait for a consolidation ( bull flag) before considering to buy gold -0.98% .

Updates will follow.