Did another recount, could be a reversal from here. Long at retest of TL.
Triangles usually occurs in wave B, 4 and rarely 2. Made up of internal structure 33333 Wave E will usually have a final terminal thrust (the fake breakout) , before concluding the end of a triangle.
This count looks more probable. We might have one more dip for wave z. Areas to watch for short: 1145-1153 Tgt 1117-1110 area, bottom for channel.
I see 3 sets of 3s, and a wave 5 overthrow of TL. We could be done.
We might have a bottom here.
We should be going for wave Y down targeting areas 111.5-110.9!
WXY or ABC, we are at 1.618 of w or a. If price holds, long with SL below 57.
I think we should have completed the tripe three. If it breaks 85, shorts should be safe. STOPS abv 1308
1.618 of wave A, concludes end of C. Tgt abv 105.5
We could have just finished wave 2 of the big 5, we should see more weakness and a meltdown for gold next week.
One more spike up and I think we shld be done with this wave 4 correction IMO.
We should be at last leg of this rise. Short gold 1278 for the next impulse down.
Could be a triangle or a flat, but looks more like a flat correction to me now Short gold at green lines or top of channel for wave 5 of 3 on H4
Wave 4 could be finishing with this triangle formation @ E tonight Short at Top of trend line for wave 5 of 3!