GOLD Jul 22, 2021 Analysis. Possible zigzag formation.

If GOLD unable to break yellow area, there is possible an upward zigzag formation occurs.
If so, GOLD may have a chance to rally to 1850-1870.

1850 area is corresponded to 61.8 percent of 5 wave decline from Jun 1 to Jun 29, also 78.6 percent of wave (A), and structural resistance.