After completing wave ((3)) currently making into Wave ((4)) in my view its making Double correction which may take down to @ 4850 - 5000 Level. After which can resume its uptrend for Completing Wave ((5)).
Its currently on a verge of breaking trend line which is honored since may20. However it should bounce once to make 3 wave Up for making ((x)) before turning...
Gold : After Making peak in 1st week of August20, presently Gold is moving in a channel indicating that its in a Corrective Wave ABC, which can be further subdivide into three smaller degree wave of 3-3-5 type.
Wave a : abc
Wave b : abc
Wave c : abcde Still in Making
Considering this, Now If we consider Wave - c of corrective wave as 5 wave pattern than...