Gold is on a bull run with the MAIN 3rd wave on. We can have a substantial run up, but of course with intermittent corrections.

INVALIDATION LEVEL      1858
In case gold touches a level lower than 1858, the above wave count is invalidated and gold may correct lower.

Disclaimer  Above analysis is based on elliot wave counts which are highly subjective. Different analysts may get different results. Please use your own judgement after assessing fundamentals with your own investment advisor,in all your investments.