The problem, as I see it, with Elliott Wave is that is can throw up almost any scenario that you want....bullish or bearish, depending on whatever bias has a root at that moment. Just looking at that 5 day candle made me think that perhaps, and that is a big perhaps, there might be an strong alternative to the bullish counts for gold. Anyway, here's my bearish look at gold suggesting that we could see a C wave down.