Preferred view suggests yellow metal is in wave 5 of ( C ) and after a B wave pull back toward 1332 – 1336, we should see further strength in wave C of 5 toward 1365 – 1370 region to complete wave (( B )) from where the decline should resume. We don’t like selling Gold into red wave B pull back and would wait for confirmation of wave (( B )) high being in place before selling pull backs in yellow metal. Confirmation could be a 5 wave decline from the high of wave (( B )) or pivot at 1319 giving up in our system.
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