Gold

Have attempted an Elliott count.The short term gyrations are difficult,reflecting,I think the contradictory nature of gold's status...on the one hand a vulnerable reflation play (given the current environment of rising dollar,risk aversion),on the other the ultimate hedge in a time of ultimate uncertainty, a time of great confusion and mistrust of government finances/currencies.Ultimately I believe there is only one end game...gold goes a lot higher...in the short-term gold is vulnerable to the stronger dollar and this is reflected in the weekly bearish engulfing candle.My count suggests limited downside though,within a bullish wave count.I would be looking for reversal signals around 1025....