In the backlink I had counted 5 waves up to form a completed wave a$22.50. I expected the chart to begin moving back down to break down the top support rail. While 22.50 has not been exceeded yet, the chart is stalking the orange uptrend so far. There is still a threat that the red path will occur but if so, the wave will not be very tall, only about the same height as black 1 at the bottom left.
My top count is in blue and we should know if it is right immediately on Tues. It should gap down as shown, certainly taking out the lower red support and then taking out the orange rail as well, perhaps both in a single gap down. The pullback of this declining double top (I call them owls) could be rapid, just like the expected rise in the price of gold is expected to be rapid.
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