User: TWT: LONG TERM EWP: GOLD: Follow up of the long-term EWP | The wave trading

The pattern from the September 2011 is clearly corrective therefore the intermediate up trend is not in danger of being reversed.

I am working with two options within a Double Zig Zag:

1. From the September 2011 price has began to unfold a Triangle wave (B). This pattern can pan out as long as price does not breach the September 2011 low at 1526.80

2. From the October 2011 peak price has began to unfold the impulsive wave (Y) which, once it is in place it will complete the Double ZZ from the September top and price will resume the intermediate up trend.