It could be that we see the bounce we are looking for at this stage (your small wave (iv)) when US gold approaches some support at 1200 (soon).
Then US gold going down to 1140-1150 (the potential Head & Shoulder target, see image) giving rise to and completes your wave (v)5 proper. And that may be the NCM bottom.
As we have seen, so far, NCM has no bottom. I thought 7.30's would do the job. But na. Damn bottomless.
NCM Price at posting:
$7.25 Sentiment: LT Buy Disclosure: Held