I think its the end of the latest impulse with overlapping waves that causing the whole of pattern reverse.
after latest bullish diametric pattern. it most return to source of bullish motion. targets on the chart.
At first we had a downward momentum pattern that had to be returned to the source of motion . Now after five waves (A wave) a downward movement is done( B wave) then goes to the target
Impulse terminal - the whole pattern is returned In this type of impulse, the waves enter in the range of each other
In my previous idea Another scenario took shape After the Diametric pattern the wave after it , is progressing in a Chanel
The impulse waves are finished and it muse correct
The diametric pattern is advancing. it must break the resistance.
Gold is building the fifth wave of the diagonal pattern The target of wave five - 1920, then the whole pattern will be reversed Next target will be around 1800
The G can also come downer , but the line in opposite of it will break