Falling of x wave started from the defined area but its not logical that if takes longer time than this.
With breaking out the resistance area of 1430$ a lower time uptrend will bring the price to area of 1500$ and personally im agree with this idea.
With breaking out of important support (1385$) monthly uptrend of gold will be changed to downtrend...
Regarding to structure of E wave, possibility of falling has less chance in near future but in next months there is a big chance of decrement in gold price.
With breaking out the resistance area of 1430$ a lower time uptrend will bring the price to area of 1500$ and personally im agree with this idea.
With breaking out of important support (1385$) monthly uptrend of gold will be changed to downtrend...
Regarding to structure of E wave, possibility of falling has less chance in near future but in next months there is a big chance of decrement in gold price.