Gold was falling for a long time without a good pullback. Now we are in that very corrective move as metal rebounded strongly from the 1180 area. C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
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Think of moving stop to breakeven
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zoomed
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correction deepened and became more complex
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gold failed to break the earlier top of wave A so we got another leg of correction to the downside
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Triangle was broken down - return to classic flat
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the last wave unfolds and the target area is shown in the chart between 1235 and 1250