April gold moved as low as 1282.40 as of this writing and has yet to crack that 1280.10 level and the count currently remains as a wave 4. If however we do manage to trade underneath this price of 1280.10 then my count will change to a possible wave 2 zig zag. (Normally Wave 2's usually move 618-.786 of wave 1) this would move the target on the low side to 1227-1262.7. For now though I'm counting this as a deep wave 4 Positions holding long for now.
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