I don't normally post on the gold chart but as I am personally long here are my thoughts. Gold looks to have retraced 38.2% of wave 1 and started wave 2 after a long expanded flat correction .
Correction, wave 3 started and NOT wave 2
I think my analysis above was correct as the C wave had an extended 5 which was quickly retraced! This if correct means we are in the early stages of wave 3. I will update with a fresh analysis soon on wave 3 progress.