$Gold has a decision to make: two possible ABC downs point to a target in the 1010 to 1014 area and one possible wave 1 up and wave 2 down point to a wave 3 up target in the 1175 area. See the following chart.

The possible upper case ABC start at 1227 with the center of wave B at 1118 projects a 1010 wave C target. The possible lower case abc start at 1162 with the center of wave b at 1088 projects a 1014 wave c target.

The possible wave 1 start at 1045 to the center of wave 2 at 1110 projects an 1175 wave 3 target (not shown). We closed at 1117.6 last Friday so a move up above lower case b top at 1131 gives hope to the bulls and a move above 1162 wipes out the lower case abc on the way to the 1175 target with a possible short term wave 4 down and wave 5 up yet to come. Conversely, a move below presumed wave 2 bottom at 1089 gives bears the edge and a further move down below lower case a bottom at 1045 exposes the 1014 lower case wave c target.

$Usd closed at 80.38 last Friday still trendless and below its 80.8 short term wave 5 top (bearish). $Compq closed at 2238 which is above its 2232 short term wave 5 top (bullish). A target of 2254 completes a possible 2 day 5 min 5 wave move up from 2220. Gold and stocks continue to move together and inversely to the US dollar.