For those that have been following along, a significant top in Gold has been expected and the question now is: Is the top in?
It appears a 5 wave decline from the "Top" has occurred and more aggressive downside action needs to occur soon, thus completing wave '2' up. The long term chart is here and provides a multi year view. As you can see, gold broke above the top multi-year trend channel and instability quickly set in with a $200 decline - however, Gold is yet to drop back down to that trendline. This is anticipated very soon.