Gold does not want to go down after breaking a . Since the bulk of the costs in the Shore, the motion is to the upper boundary of the triangle, and then can fall.
Hi Gold is a bit confusing to me right now. I see you have marked an abc on the chart. IMO the A wave does not qualify as a 5 wave move more like a 3 wave move. Your B wave also looks like it subdivides into a 3 wave move as well. Because of this it is possible that a triangle is developing with price going up in a c of a triangle rather than a c impulse wave upmove. A break above 1240 proves you right.. Inability to take out 1240 will give the triangle idea more credence. That is my confusion spelt out