Update the current gold wave pattern
Since gold broke 4450 yesterday, I believe this decline is very likely not an A-wave, but rather a C-wave with the largest drop. The rebound B-wave may have already finished by the 28th (the high at 4631).
And at the current level, there is no support. The next support level is around 4310. Given this setup, it is an extremely likely outcome that we will reach 4280–4310.
Since gold broke 4450 yesterday, I believe this decline is very likely not an A-wave, but rather a C-wave with the largest drop. The rebound B-wave may have already finished by the 28th (the high at 4631).
And at the current level, there is no support. The next support level is around 4310. Given this setup, it is an extremely likely outcome that we will reach 4280–4310.
