The US dollar plunged this morning and gold reacted with its own small spike to the upside. Is gold in a small 5 wave sequence? If it is, then gold could cut right through the top trend line next week.
This is a diagonal wave count I’m working at this time and it can spike back to $1310 before I have to call my bearish outlook in gold as dead. Maybe not really dead, but just postponed for now.