This is just a quick update and may not last long enough before the digital paint even has a chance to dry. There is a chance that a correction is still in progress and that the US dollar could make a deep decline this week.
Nothing but a 100% retracement would satisfy or help confirm the bearish wave count above. Any intraday decline of the USD could also send gold on a bullish move as fear attacks the stock bulls. Any push to new US dollar record highs would send this wave count to the digital “Bone Yard” very quick.
I look for long spikes pointing down as they tend to be corrective “C” waves coming to an end.