The sideways pattern I am getting contain normal “ABC” corrections so at the very least we should see a breakout above $1107 before it resumes any trend down. If the trend line holds the gold could suffer another devastating dip which would take gold well below $1000, as we may also end on a 5th wave extension.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk