Gold is unlikely to come roaring back right away, since the steepness of the correction’s first leg will have left a lot of bulls with serious indigestion.  In any event, we’ll need to see this bounce go a bit further, and then head south to form a c-d follow-through leg, before we can be confident about the intermediate-term trend.  As always, the most bullish sign we could see is the failure of that c-d leg to reach its ‘d’ target — or even more bullishly, to reverse without even having reached its c-d midpoint. More immediately, we’ll need to monitor impulse legs on the lesser charts to get a timely sense of the short-term picture.  The focus for now will therefore be on the technically perfect a-b-c pattern shown in the chart. It projects to 1795.70, but there is a danger of a stall because the 1776.20 midpoint resistance is proving troublesome.