patrick.net

The fourth wave triangle has completed as projected. Gold continues to work its way lower into Intermediate wave (5).

The July Gold update anticipated that Minor wave E of the Intermediate wave (4) triangle was nearing completion and that gold would soon begin the next leg down into Minor wave 1 of Intermediate wave (5). That assumption proved correct and gold looks to have completed Minor wave 1 and is in the process of a Minor wave 2 correction.

http://www.globaldeflationnews.com/gold-elliott-wave-update-for-october-2014/