Is there room for more correction?

No indicator. No Calculator. Thats what i see on chart. Wave-1 completed with its correction and Wave-2 start with its impulse. Brexit impulse is irregular and only a baloon part of Wave-2. According to this point of view correction may go on and kiss around 1220 within this week and may try to set up there.

My idea belongings are: there sees no incredible event to impulse up gold until elections. US economic datas are well, EU is blowing with crisis, China is unstable. Only hard war rumors may trigger gold but it is not on the table currently.

Good Luck!

Operación activa:

look at this..

can you see how similar is it with Wave-2 stated in above chart