XAUUSD GOLD channel pivots, scissors, arcs, normal channel

FX:XAUUSD   Gold Spot / U.S. Dollar
160 0 5
Should do something like a 50% retrace of the last high and low before going down again. It's done a retrace already but the high at the arc looks fulfilled so I'm thinking more down. Even if it DOES go for 1700 by year's end as predicted by some, there are going to be a hundred ups and downs people never counted on. That's the market. If the purple channel is broken at the top..I'm definitely wrong.
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