Gold (GC) Charts & morning Update

If GC can remain below the recent high at 1215.8 and continue lower then we are in the final Minuette Degree Wave (V) of Minor Degree Wave 2 down to the 1149 target level (See Daily Chart). Above 1221.3 then we are in the ALT Minuette Degree Wave (IV). I have shown the sub wave structure based on the idea that we are going to see higher levels in GC in the ALT 4 count before resuming lower.