Gold - Elliott Wave Update

                 Since my last update I am bull on Gold . By the last week closing price, the gold confirmed its 1320 main target. On weekly as well as on monthly basis, it is a clear BUY for me.
In February the precious metal produced a reversal candle on daily base, confirming a significant low ($1044  per ounce). If the price continues up, chasing that potential (y) wave, should paint just one more zig-zag, or any complex completing Y of (B) wave of potential "expanded flat". 
             The price now is in the resistance zone ($1163  per ounce) and we will have to reckon on a stronger retracement to around $1120 and get the ideal buy entry for $1320 target, which could happen late July or beg. of August 2010.