Gold is still anticipated to head to higher levels at around 1540 whilst a corrective flat or triangle continues to unfold. The count below has been updated to account for recent wave action in completing the (b) wave. Since Gold tends to like Triangles, I will assume a triangle is unfolding and we are currently seeing perhaps only a portion of 1 leg (the A leg).
The next action should see 5 waves up to the 1540 levels or higher and thus completing the (c) leg of a flat (3-3-5). Once complete, a decline should kick in to form wave 'C' and should occur in 5 waves.
Once this correction completes a push to new highs should unfold before a major multi-year correction occurs as described here