By Elliottwave-forecast.com | April 23, 2015
Gold is set up to be going into an ((w))-((x))-((y)) Elliott Wave structure $1,224 (4/6) high. Wave ((w)) ended at $1,183.60, wave ((x)) completed at $1,209.09 and wave ((y)) lower is proposed to be in progress. We need to see a break below $1,183.60 (4/14) low to add more conviction to this view as that would make it 5 swings down from $1,224 high and open an extension lower.
