Gold Update 16JUL2026: Final Drop Gold FuturesCOMEX_DL:GC1!aibekSilver updated chart inspired me to redraw the gold chart https://www.tradingview.com/chart/SI1!/hdRf5zq2-Silver-Update-16JUL2026-Final-Wave-Down/ Overall, the trend is similar, however the internal structure is different It's ABC zigzag in wave 4 Wave B is irregular flat Final wave C is almost done as 4 out of 5 waves are completed RSI confirms that count Wave 5 of C of (4) should retest the valley of wave 3 at $3,955 as a minimum Next target for this final drop is located at $3,720 where wave C is equal to wave A Downtrend's support is below at $3,600 Lower degree wave 4 is further down at $3,300