Is XAU destined for yet another year after year zig zag?

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)

Updated

FX_IDC:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern waveanalysis gold xauusd

Gold looks to be trapped in another long term zig zag. The last time this happened it went on for years!

Comment:

Gold now at key support of $1260's. Breaking lower will move to our interim target at $1200

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