PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Gold sells continue to play the bearish side. We are in a zig-zag correction on the Y wave of double zig-zag. The wave C on the blue degree is always a motive wave we can expect a 1-2-3-4-5 sequence.

We can expect the price to break below the (A) leg on the blue degree. We can project wave C to be equal to wave A.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.