I think what gold is saying!
Because I see daily light signal is Bearish engulfing the Pattern which means SHORT!
and I zoomed out to weekly and I see called ... do not know what it is called as trend lines you can see here!
where can I put my Elliot Wave A, B, C, D, E. This is the last wave E. so I will keep it and probably will accelerate rapidly down until ... retracement expansion -61.8% rate is $ 725th
and scales have been around between ABCDE, where wave noise was wave 3 and 4 as it approaches the wave E then the end will wave 4, then it will gold go down pretty quickly what I think it is so!
As you can see from comparing similar patterns of AUDJPY Daily where I have published!
so I do not really know if it will ride far down? but try elsewhere and see what price action saying! I'm already short.
:)