Gold decline from the recent top can be seen as a leading diagonal pattern in wave i. Leading diagonal always point in the direction of the larger trend, so it's ideal to expect more sell-off once wave ii correction is completed.
The break of the blue line will confirm the completion of correction and the red line is the major invalidation level for this bearish bias.
The break of the blue line will confirm the completion of correction and the red line is the major invalidation level for this bearish bias.
