Gold: The Double ZigZag pattern is not over yet.

12 thg 1, 2021

( Daily Chart )
In the daily chart, and in the previous analysis, we considered the IV wave as an ended wave in the range of 1764. We were expecting the price increase and cross the level of $ 1965. In the range of $ 1959 and with price decrease from this area and by crossing the price from the range of $ 1818, it seems the structure of the uptrend, from the range of $ 1764 to $ 1959 is in the form of 3 waves. To get the confirmation for the completion of wave IV, we should wait for a downtrend formation with 5 more waves up to the range of $ 1736 to $ 1650.