GOLD HEW Update

It looks Gold completed Wave 4 and Wave B of Wave 5 of current down move. It means we are looking for the final leg. 50% fibonacci extension is around 1167 but i feel it feel some short and we will target 41.4% projection which is also 176.2% projection of Wave A of Wave 5. My base scenario will be to reach 1179 level at the end of upcoming week.