trend still down .
daily we are in wave 5 down targeting area between 87.16-86.11 .
in 3 hours interval , we are in a triangle and side way trading then we go for a strong move down to the yellow area .
after this I am expecting a reverse up in a strong uptrend that should confirm 1st .
I think we are in a double ZZ wave ,now we exactly in wave 4 of c wave of the final Y wave .
in this wave the price expected to touch the 38% Fibo and go up again for wave 5 .
after this wave 5 end a strong move down is expected and a bearish set up can be made .
keep an eye on it .
We can see the weekly chart of GOLD and compare it with the USD and JPYUSD SINCE 2014 till now :
the prices of gold moving together with the JPYUSD and it move against the USD .
If any one of you want to add any other factor that can affect the gold he can kindly add his comment .