GOLD Elliott Wave Analysis- Bearish Beneath 1230

Gold moved to a new swing high recently, to 1260, a leg that which can be considered as a final part of a recovery from 1181. We see move up from 1214 as potential ending diagonal placed in wave (c) that could complete recovery in this week, either at 1260 or 1265. An impulsive downside reaction back beneath 1230 would put bearish price action in www.ew-forecast.com