According to the expectations :
Gold completed a running triangle formation, as the fourth wave, at terminus point of the 1214 . And now, sequence of an impulsive fifth wave is still be developed to expected ultimate lower levels…
Fibonacci targets :
On the 240-minute chart, the expected target for extreme of the ongoing wave (v), could be considered at 1157, where establishes an equality ratio between the waves (v) and (i), as a common relation.
Also, on the 120-minute chart, a common target for extreme of the wave v, as well is clustered on the same 1157 level, where establishes an equality ratio between the internal waves v and i .