Gold - Last leg higher?

With the new high set we could be in the final leg higher towards the 1,636 target. As we are in the final leg high we could expirence a sudden hype regarding gold, which could push it even higher than the 1,636, but lets see how things plays out.

The is an alternate count to us being in the final leg higher, which is, the we "just" are in wave b of wave (iv) and will see wave c down below 1,540 for a move towards 1,443 before the final rally kicks in for real. The form of the next correction will tell, which count is right.

Short term we should expect a correction soon towards the 1,557 - 1,540 area. A break below 1,577 will confirm that the correction is ongoing.