Gold is moving sharply lower, away from the 1337 swing high where the market found a top of wave X that belongs to a big complex decline as shown on a daily chart. So we are tracking a double zigzag which should see more weakness after a black wave B bounce, which could be made by a triangle correction if we consider the current sideways, slow and choppy price action with sub-waves A, B, C and probably now D already completed. If the count stays valid, and one more wave shows up within this two contracting trend lines, then we could ideally be in for a sell-off into the final wave C of B)II).
Gold, 4h
Gold, Daily
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