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At the end of week analysis, published yesterday, I was unable to connect to my data provider and could not obtain all of Friday’s data.

The chart below includes updated data up to the end of Friday.

Friday ended mostly as I had expected: price moved higher to 1.34 short of the first target, then turned lower. I can now calculate a target for minuette wave (iii) for you. At 1,251 minuette wave (iii) would reach equality with minuette wave (i). This target should be two to four days away.

Within minuette wave (iii) no second wave correction may move beyond the start of the first wave. This wave count is invalidated with movement above 1,325.66.

The daily chart remains the same.

Gold hourly 2013