Gold: weekly wave analysis
Weekly. There continues development of the global correctional wave , which takes the form of a simple Zigzag. Currently, the end of the zigzag is being formed. Let’s observe the layout of the last section in a more detailed way.
Daily. We saw the development of a new downward impulse V after the complete foundation of a convergent horizontal Triangle IV. Currently, there is a formation of complex correctional wave , after the end of which the market decline in the pulse  will continue. Let’s observe the layout of the wave .
H4.It seems that the wave  takes a form not of a double but of triple zigzag, as it was originally intended. This week the formation of a correctional wave ligament (x) will be completed and then the market will begin the construction of a new upward wave (z), an approximate structure of which is shown in the picture. Thus, the market will still be hold in the correction zone for a few weeks .