Gold is finishing the last wave (Z) on the last part of the correction WXYXZ and complete the wave 4. I expect this wave to brake the last bottom (Y) and go to 1650 area before go up for the wave 5. Last wave up... after it.. i juicy drop is expected
Move seems to be corrective.
If it helps, EW speaking the first (w) from a double ZZ or a double combo, should be 3 waves, not 5
Then last (y) can´t be a triple ZZ or triple combo... If (y) is part of a double combo, could be ZZ, flat, or triangle, & if it's part of a double ZZ could be only a ZZ.
Cheers
oscarposada
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@gagonzal, Thanks buddy for your comments.. The last part is very confused. I was expecting the last impulse down to complete the correction or wave 4 but it is not that clear... lets see how unfold
If it helps, EW speaking the first (w) from a double ZZ or a double combo, should be 3 waves, not 5
Then last (y) can´t be a triple ZZ or triple combo... If (y) is part of a double combo, could be ZZ, flat, or triangle, & if it's part of a double ZZ could be only a ZZ.
Cheers