gold H4 analysis,downtrend

Finally, gold broke to the downside yesterday, out of triangle within a triangle if we consider the substructure of our red wave e). Keep in mind that wave e) can itself be a triangle as well! Notice that prices accelerated lower yesterday in impulsive manner after a trendline and 1277 swing break that opened door for new lows. Based on on triangle measurement we may
see a decline even down to 1230, but above that there is a 61.8% ratio around 1255 that can react as a support. Trend however is down, and we expect a continuation lower as long as market trades beneath 1292.finally [market going again downtrend.