GOLD is reallty looking for positional atm. It is forming WAVE 3 on the larger degree shown in Red color. This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed.
Just sharing a view but deriving trade based on the view is not difficult.
Comment
⋅
Better redability Bi weekly chart
Comment
⋅
Weekly chart
Comment
⋅
See how nicely it is maintaining 0.618 FIB ratio to complete complex correction.