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Just one quick Elliott wave hourly chart to update most recent movement.

GOLD Elliott Wave Chart 2015

Minuette wave (ii) is moving a little higher, and it is not quite complete. At 1,275 micro wave C within the second zigzag of this double would reach equality in length with micro wave A. This would bring minuette wave (ii) to the 0.618 Fibonacci ratio of minuette wave (i).

When it is over redraw the base channel.

When it looks like it may be over then a subsequent new low below the start of micro wave C at 1,259.64 would provide price confirmation that minuette wave (ii) is extremely likely to be over, and the middle of a third wave down should have begun.