Gold weekly

SPX:GOLD - new recovery high on the way?

Rough and ready Elliott count here, but this looks like it could be heading to new highs - not really room to mark it on, but I'd put us in or at the end of wave iii of c at the right-hand edge of the chart, so iv and v still to come would leave scope for a run to new recovery highs - SPX to rise further, gold to fall, or some combination thereof.

Here's a possible count whereby gold could fall from here, but I have to say I'm a bit ambivalent on it:

Meanwhile, still rocking the Sunday lurve vibe: