XAUUSD Forecast

Gold update, previously on the Monthly timeframe I anticipated a slight drop(correction). And it's still an ongoing bearish trend, On the Daily timeframe the bearish bias is still valid maybe it will be short-lived.

We are in a double correction pattern where all of the waves are corrective patterns. The wave (Y) is still on the first leg of the sub-pattern, a Zig-Zag correction pattern. I expect a further drop to break underneath the (W) leg low.