Gold - This is still clearly not over!

Gold - GOLD - might just create a correction:

After we saw a perfect retest of the newly established short term resistance, Gold might actually just create the bullrun reversal. It is still too early to tell, but if Gold creates bearish confirmation on the smaller timeframe, we might not even see a retest of the upper trendline.

Gold - GOLD - is starting to weaken:

Clearly Gold was not able to break above the significant newly formed horizontal resistance structure. If the second breakout attempt also fails, there is a very high chance, that Gold will initiate a correction after the significant bullish parabolic rally.