We could be done @ Y but I think we have a Z leg before the great reversal. Will have to watch PA in the coming days. Let's see!
watch for continuation and confirmation of this bearish pin
If this count is right, we should get one more leg down.
If we don't break this blue channel, we should see 1305 soon. Count invalidated if this blue channel breaks.
Two possibilities , for now blue count preferred pink in alt count.
If we cannot take out 1283, we are in for a steep ride down. Then this should be the correct count on gold.
Watch for break of pink flag This should be the last wave 5 of this Usd correction. If wave 1 equal wave 5, we should be seeing 107.5 area.
We should see a start of an impulse drop and a .618 retracement.
My updated count as abv, we should be done with 4, if wave 1 and 5 tends to equality, we should be seeing a $30 move from GOLD which brings us to 1305 from 1275! Right at big daily resistance zone.
Looks like we are flagging at the bottom of this wedge. Reversal should happen soon.
Details on chart. Since leading diagonal usually occurs at the start of fifth waves or C waves, this could be the last leg before the big reversal
Two possible moves in the next few months for gold. Possible reversal area 1285-1290 Either way, I think we should be going down.