THE GOLD RUSH

      Last month I was thinking about end of (B) wave of a potential "expanding flat", but last few weeks the price action put me in doubts. The main reason is that the downside move's wave structure looks corrective about now. I have labeled a corrective complex- W, X, Y, made of "zig – zags”. In addition February produced a reversal candle on daily base, confirming a significant low.

     As we see the Gold rebounded from the 1032 line-strongly and impressively. I do not  see anything bearish on the horizon about now. 

    If the price continues up, chasing that potential (C) wave, should paint just one more zig-zag, or any complex completing 'Y' wave. Then that count remains to be valid.

      If the upward move I expect paint an impulse 5, then the Grand picture would be totally different. It could form 5 waves of a larger degree.
     The tape now is a bit unclear as a wave structure, and I prefer to have little more data till the next update on spot Gold.

     The expectations are for new high to 1 252- 1 320.  The herd escalated with one more bull---me. 

Enjoy the video!