Gold moving down as expected (Elliott Wave Analysis)

In my last article I discussed the 2 possibilities or the Wave counts that can take place.
The last article suggested that either the Wave 2 in Gold was completed at 1240 and it has started the Wave 3 and is in Wave 2 of Wave 3.

The second probability was that it was in a Flat correction.

Situation Now :
Gold has attained the first suggested target that is 1247, breached it and seems to be treating 1247 - 1250 region as resistance, this suggests to me that the Wave is progressing as a Wave C and only once it goes a little below 1240 can we think of the Flat pattern getting completed.

Target 1 : 1240
Target 2: 1226

Note : If the market moves above the boxed zone and takes it as support then the probabilities would suggest long side trades.

I will update further as this market progresses.