Gold

Here is an hourly chart of pit trading in April gold futures.

I believe that the threee phase correction marked by the blue letters a-b-c-d is over and that it will be followed by a three phase move upward. I have been predictin a move to 598 but gold is underperforming relative to silver so I now think that the February top near 579 is a better target.

You can see that I have marked a three phase correction downward aa-bb-cc-dd in black letter. This morning the market reached support at 545 and I think the next move will be upward to 579. This will be the third and final phase of the entire move up from point d at 534.