XAU , Spot Gold Charts Update

BlueFlix (follows Elliott wave) said: "Gold fundamentals are there and getting stronger. But, in the intermediate term, gold may be correcting to its 200DMA..."Well I agree about the fundamentals part, as for the 200DMA (about 530$) I think It is very pessimistic view and gold will have to retrace the whole impulsive extensive wave since March low(~535$). off course [e] low (lower then [c]) might