Gold price has reached $1600 again - wave 5 may be ending

Gold price has reached $1,600 again.
Gold price uptrend since Aug 2018 has been following Elliott waves clearly.

It is more than likely that wave 5 is ending. And once it ends, the gold price is likely to retrace significantly.

The following is gold daily chart. You can see the momentum is weakening.

I cannot conclude wave 5 has finished at this point. There may be a bit more upside before retracing back. Watch for the price action.