Support around both the previous .5 retracement and current .618, but a downwards bet on gold
could complete a wave 5 before correcting to wave 4 low. I expect either a double abc
, or a setup for a small head and shoulders
(rise to 1280, fall to neck-->1285 back down to neck). Increasing volatility
could cause expansion of price above 1285 in next couple of days, however--large volume
activity past few days resulting in higher lows.