Gold EW counts WeeklyThe above chart is cleaned of other counts and thus it also reflects my position in terms of trading this instrument: short it, place a stop above E and leave it to do its work.
Gold has overshot my previous high expectations. However, I believe that this is what EW terms a "throwover".
In all honesty, the sub-counts looks weird and thus it may be good to keep it simple and look at the big picture (which didn't change since my last posts).
I believe that we are finally seeing the downtrend for Gold and I won't bet that it will see a new high for some time yet.