The structure of Wave IV is in the form of a Double Zigzag pattern, probably the downtrend for gold will be extended up to the range of USD 1760.
In the second zigzag from b wave, the triangle pattern is re-formed and with the price crossing the range 1890 range, we will get the main confirmation for the downtrend. This analysis will be nulled in case the price exceeds the range of USD 1931.
In the second zigzag from b wave, the triangle pattern is re-formed and with the price crossing the range 1890 range, we will get the main confirmation for the downtrend. This analysis will be nulled in case the price exceeds the range of USD 1931.
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