Geofftv1

GOLD - update continued.

Long
Geofftv1 Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
GOLD is following my idea from 2nd July nicely and is now in the 2nd zig-zag after completing the flat. This wave should finish about 1320ish which is 0.786 of the prior wave of the triangle structure and a=c of this zig-zag. I welcome constructive comments.
Good luck.
Comment:
For clarity gold us30 still in the B wave of a large triangle which is formed by (w),(x),(y).
The (w) wave us30 a double zig-zag, the (x) wave is a flat and the (y) wave is in progress. To keep symmetry with the (w) wave this (y) wave should also be a double zig-zag.Hooe this helps explain my reasoning.
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