Gold in correlation with Silver , I think the downside is most likely to continue . Gold in a correction phase as this price action is choppy . It looks like A Double correction pattern .
I see two scenarios
1. Price on the (W) wave contains of a (A)-(B)-(C) and the (B) is also a Zig-Zag and on the (Y) wave its actually forming a smaller (W)-(X)-(Y) correction price has already made the (W) leg i expect to see a correction to make the (X) leg then we can see the (Y) leg look-out for a Diagonal/Wedge pattern on the (C) wave .
I see two scenarios
1. Price on the (W) wave contains of a (A)-(B)-(C) and the (B) is also a Zig-Zag and on the (Y) wave its actually forming a smaller (W)-(X)-(Y) correction price has already made the (W) leg i expect to see a correction to make the (X) leg then we can see the (Y) leg look-out for a Diagonal/Wedge pattern on the (C) wave .