There is now technical evidence that we have probably entered wave "C" of this correction in gold. I thought we were in an extension. It is not typical for the B wave to trade above the fifth wave. When "B" over took wave 5, I saw a breakout extension, I got it wrong. I have no excuse, plain & simple, I misread the top. I offer you my current take on gold. This forecast is based on the intermediate count completing an "irregular top" It is ONE of many possible outcomes, however current activity points to this pattern. The chart above plots this scenario with pivots. According to Elliot we should see a 5 count down in wave C. This following an abc down (A), and an abc up (B). This chart calculates targets; truncated, flat and standard. If this correction continues targets are as follows: ' Pivots are: 1750 truncated (38 % R of of rally since July) 1700 flat (50 % R of rally since July, & low of wave a) 1648 standard (61 % R of rally since July) These are very rough numbers, more to follow on Tuesday's video. Reprint from R.N. Elliot Masterworks: 
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