GOLD: weekly wave analysis
By Roman Petuchov
Weekly. The market keeps on developping the corrective wave  (bearish zigzag). The wave is now rather close to its end.
Daily. The last part of the bearish zigzag took a form of a converging horizontal triangle. After that the market started forming a descending impulse V. Let's review the picture in details.
H4. Price formed a bullish corrective zigzag  inside of the impulse V. Wave  has been born on the last part of it. In the coming days we could see a corrective push higher (2), after that the decline is set to resume.