The stronger dollar is pushing gold lower, we could still be in an ascending triangle. The odds are shifting towards a flat consolidation where wave C is headed towards the low of wave A at 1,677 to complete wave 4 and set the stage for the impulsive rally in wave 5 towards at least 2,400 and more likely closer to 2,700.
We are in sub-wave 5 of C and all requirements for the decline from 2,070 has already been fulfilled. Now, it's just a question of time and how close to 1,677 gold needs to go before wave C is complete and wave 5 can take over.
