Gold: Correction Within Uptrend

 | Mar 25, 2016 05:06AM ET

Gold moved lower this week beneath 1225 level so our previous wave count has been invalidated, so a new pattern is in play with a deeper pullback. An updated count still shows a three wave decline in play for wave 4-circled, currently in subwave C) that can be headed even back to 1190 where metal can be looking for a support; probably at the start of April.

GOLD, 4