gold price fell as low as $ 1046 so the new bottom is a fact already if this is correct count wave c of y is either over we should expect a bullish reversal very soon this scenario would be confirmed when gold prices break the upper line of the endig diagonal
Probably a Elliot wave in a descending triangle.
Not sure if this is accurate, but hope it helps re-enforce your theory.
Overall oil prices going south yesterday (7 Dec).
However, return-risk ratio is definitely higher if a LONG is place at this low.