Currently believe we are in a "C" wave down. Appears to be moving in 3 waves for each leg. The first wave is so far the longest with the third wave being shorter. The fourth wave has been a long drawn out triangle (Typical for Gold) Looking for a bit more to the downside. Cannot break the Yellow trendline (Analysis is Wrong) Wave 5 should complete before that (approximately at the 1168 area) If this is correct we should see a strong move up.
I think so