As shown on the current chart, Gold is nearing the completion of the sub-wave ‘b’ structure within a WXY corrective pattern. Given the prolonged sideways movement, it is highly likely that this wave ‘b’ is forming a triangle. Gold has the potential to rise toward the 4205 price level before eventually declining to form the final wave ‘C’. A potential swing high is expected tomorrow, October 20th, with a potential bottom on October 26th.

N.B.: If Gold breaks above the 4219 price level, the triangle pattern is invalidated.