Recently we projected a time turn for September 11 plus/minus one session. The factors supporting that idea are noted on the daily chart below that appeared in the article.

Today gold gapped lower with the gap remaining unfilled. This activity is an initial confirmation of a turn. The real question is: what is to be expected, assuming the market has begun a correction?

We’ll start conservatively looking at 1313 and possibly the 1292-1300 range basis December Comex.

We will also state that from the Dec 2016 low to the July 19 2017 low, the duration in time of each and every correction from a high to a low chronologically has been, 3-5-9-16 and 23 sessions respectively.   But since the July low the high to low corrections have been 5-2-5-2 sessions, and the more recent period has seen much shorter corrections in time. The preceding period saw a growing progression in time.

We should keep this frame of reference handy when and if the above price objectives materialize.  Also, the first period had 5 corrections and the latter had 4. [A possible tight cluster in October 9-10-13.].