Gold - Topping?

Monthly - in wave 5

Weekly - in wave v

Daily - In wave (v)

Hourly - In purple wave v

As can be seen above. we can make a good case, that we are in the last part of the final fifth wave up since the 251.70 bottom in 1999. If the above count is correct we will be looking at a substantial correction soon. A break below 1,602 and more importantly a break below 1,581 as the first warning that a top might be in place. Until a break below 1,581 is seen we must respect the uptrend, which could rise above my target at 1,636, but as can be seen all time-frames shows negative divergence telling us, that we might be in a topping process.