It seems that the correction wave has finished. Now the chart tries to begin the impulsive pattern number 1. We also can see there are three minor move in the wave 1. That means it need 2 moves moreto finish the wave.
The chart shows that gold recently complete the wave 4 or correction. Now it is going to reach the peak of wave 5. Probably it will reach the cluster of fibonacci external retracement 1.272 and fibo expansion 61.8 at price around 1793.37.
