GOLD: update on 2nd wave X of combination downward to $1,400

IMPORTANT UPDATE: I have altered my projected GOLD high on this A-B-C move upward and now project that GOLD will NOT (!) breach the $1,535 high from September 22. If correct, this will end up being a W-X-Y-X-Z correction.

New target is just below $1,535 for completion of Wave X and then a sharp selloff that is expected to find support near $1,400 in mid-November.

Comments appreciated.

Benji Miller