In April we entered the last leg down (c) of the correction since 2011. c has to be at least 0.62 x a, which gives a target of 820 USD or lower for gold. This would correspond to entering the lower area of the preceding wave 4 (which ended oct 2008).
At the moment, the thin blue line may give some short term support.
At the moment, the thin blue line may give some short term support.