I work in re-analysis of the Gold tendency (the last analysis don't work).
It will take more days for the Gold attain its wave E.
But because the previous tendence (before Dic 2016) was downwards oriented,
then this RISING WEDGE should continue the previous tendency to the risign wedge (descending).
In this way for 8-9 August the Gold should drop to 1200.
Then you can go LONG for some days, and in the end of E wave, you can go SHORT.
It will take more days for the Gold attain its wave E.
But because the previous tendence (before Dic 2016) was downwards oriented,
then this RISING WEDGE should continue the previous tendency to the risign wedge (descending).
In this way for 8-9 August the Gold should drop to 1200.
Then you can go LONG for some days, and in the end of E wave, you can go SHORT.