Adjusting the wave count :

Under the same bearish alternate view, Gold completed the leading expanding diagonal wave (i) as a bearish concept at terminus point of 1252 , then a corrective wave (ii), and then extended wave (iii).  At the moment, it appears that fourth wave of the ongoing decline is in progress…

Leading Expanding Diagonal :

A leading diagonal can also take an expanding shape. This form appears to occur primarily at the start of declines… ”

Based upon the guideline, conceptually would suggest that the following waves could be extended to lower lows…

Gold - Intraday 360

Gold - Intraday 180


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