It is highly probable d3 has been made as prices have broken out of the triangle shown yesterday.
A break above the blue rectangle means yesterdays count is valid and c MF3 on yesterdays chart is the next target. A break below makes the POSSIBLE count valid. So decision time in no mans land! Like I said yesterday the risk reward ratio is far too low to be long here! A bounce off the POSSIBLE c012MLU is to be expected either way, thereby forming a triangle.
If the top is in the target d4 is shown below.
I hope you all enjoyed the drop in gold – I did! Expect a small bounce before the next drop.