GOLD: weekly wave analysis
Daily. Gold keeps forming a rapid uptrend wave [E]. Soon enough we’ll probably see the end of this trend and the beginning of new downtrend move.
H4. We assume that XAU/USD formed a double zigzag (W)-(X)-(Y). The metal’s growth will likely continue in the near term within the bullish impulse [v] of C of (Y) and then turn down.