I'm not completely sure if gold has completed it's down leg, but it for now it looks to have completed a fourth wave up and now heading down to 1130ish mark or even lower to complete wave 5.
From there it should have a super huge rally all the way up to about 1550+ to complete wave B.

From there it should fall down all the way to C, which is somewhere in the 700 range.

Wave Analysis

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