- If wave 2 is finished (it might not be cause it's very shorty), then we're going to fall steeply for wave 3 - If wave 2 is still ongoing, then there will be some sort of flat pattern and then gold will fall for wave 3 - The end of the month was week and we just had 2 consecutive weekly bearish bars. This increases the odds that we're going to see lower prices from here.