Gold - at 1,415 right now - might be set for another dive
TARGET: 1372, the area 1333-1321 and possibly 1267
SETUP: in the daily chart below Gold is performing wave 7 downward out of 9. Wave 7 is unfolding, in turn, in 5 waves, 4 of them already in place. The last one (downward) is starting right now. See below wave 4 (in green)
Finally, see the 1-hour chart below, which shows the continuation pattern within the channel which usually develops in 3 waves up (only).
ENTRY: the red lines of the "wave oscillator" - in the 1-hour chart - converged enough to indicate a good entry for a short. If you are not in already, there should be another chance for a short around 1416-17 in the 15min chart