GOLD found the low around 1540 area after five waves down in wav

GOLD found the low around 1540 area after five waves down in wave (iii) from where we are now tracking wave (iv) pull-back as also discussed in our video yesterday. Current three wave bounce could retrace even back to 1575 before market turns lower again. Detailed chart with elliott wave levels ew-forecast.com/content/fck/gold741_4.gif