There’s a clear harmonic pattern, with a wavelength of approximately 3 weeks. All I’ve done here is place the sine curve on top of the gold chart visually. It helps to consider this alongside my other gold charts which show the bullish descending channel and the end point of that channel (the edge of the ‘bowl’ curved support). It looks as if there could be one or two more ‘surges’ downwards, to take us to the low $1400’s. Once that happens, we’ll be in the ideal position to take off and break out of this down-trending channel.  One thing worth mentioning – we might just see higher lows starting to develop, meaning we trend towards the top of the channel, rather than hitting the bottom of it. Cycles experts will probably be able to shed more light on that. That’s the chartology, as I see it. All we can do now is sit back and wait to see if this stuff works.