Elliott Wave Analysis of Gold

Many of you are aware that I have been looking for a serious downmove in Gold, but only AFTER a second retracement of the move that followed the initial sell off at the end of an extended fifth wave. We are currently still in that second retracement. I would urge traders to be paitient because the recent moves are not suggestive of an imminent reversal. Take a look at the chart below for additional inputs.