Analysis of Gold
1. D1 shows that now, GOLD moving in expanding triangle. The divergent forms the third wave of correction.
2. On the H4 can be seen that the price made a new high of the triangle and the beginning of a downward movement. At the same time, the upward trend (from 1315.33) can be considered complete. It began a downward trend.
3. In an uptrend, which was completed (of 1315.33) built Fibonacci grid.
5. Possibly further testing 61.8 Fibonacci resistance in the range between 50 and 61.8.
6. Stochastic H4 showed the price level is below 20, indicating oversold market. Stochastic gives a buy signal. This can be confirmed as the output of correcting with pulse outside of the triangle.