Gold corrected down in 3 waves, and the character of the subsequent upward price action has turned impulsive, with a wave 5 within wave 1 up showing upward (parabolic) curvature, a typical characteristic of wave 5's in commodities. If this upward move is followed by 3 small waves down, and then starts aggressively moving upward, look out! Gold could be going way, way up . .
