Gold is currently in a downtrend forming an Elliott wave. It has completed its wave 3 and is currently on wave 4.
We expect the wave 4 to complete at 50% retracement of wave 3.
A bearish move, wave 5, can be expected on completion of wave 4.
We expect the wave 4 to complete at 50% retracement of wave 3.
A bearish move, wave 5, can be expected on completion of wave 4.