In my previous article I mentioned that "gold is approaching its 2011 September high of $1,794/oz", actually in 2011 September the intra-day record high is $1,911 and the price dropped to only $1,620 at the end of the month. The closing record high was $1,828 at the end of August 2011. Sorry for the mistake made.
Currently gold future is at $1,806, to date the Candlestick for July is a 'doji', which is bearish. But July has another 22 days to go, the July candlestick at the end of the month can be something else unless the gold price continues to fluctuate around this level for the next 22 days. If by the end of July the candlestick were to remain as a 'doji', it is possible that the wave B of (4) has ended.
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