Possible 1-2 sequence in GOLD

It is possible that there is first impulse and corrective decline to it in place. That's why under the basic scenario the current rise is considered to be (i). In case there will be clear three waved decline that would make (ii) wave. This situation will present a set up for long. It will be great to see RSX down , and confirmation from RSX with turn up.
Wave Analysis

Penafian