Elliott wave count on Gold

           Probably you have heard the maxima that Gold is not only an inflation hedge, but also a deflation hedge.It is wright. I believe the Gold will shine a lot next few years.  

         A general strengthening of the USD could break the back of the speculative element in gold as of late. Although I am  long-term bull on gold (believing it could reach $1,500 within 2014), this trade seems to have become too easy and too widespread to pay out in the shorter term. A serious correction towards the $870 level could shake out the speculative community while keeping the metal in a longer-term uptrend.

The Elliott wave count shows us short term bearish expectations according to my labeling.

Good luck!