There seems to be question with gold at this level. The pressure indicator is over extended and it is trying to turn higher. There is divergence at the lows right now which indicates that the internals for gold are stronger than price indicates at this time. The second price objective for the move down is at 886 and it doesn’t appear that price will reach there on this leg down. For price to make a new run at 1000 it would have to go through 935.50 and then the first price objective, P, would be 966. A short cycle retracement higher could start with price movement above 918 and then the resistance levels would be 931, 945 and finally 958. If this this takes place then there could be a retracement down before the 966 is reached. Price would have to go through 950 to void the current down move. All upward price projections are based uon the current low at 904.80