Beware Potential GOLD MAJOR CORRECTION
Hi Everyone, This MAY be in the works. As you can see we may be seeing these ABC corrective formations for a continuation of short moves. Ie. We are beginning Wave 3 on a bigger overview.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
Note
Note
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5 minute looking for this bear breakoutNote
Triangle Pattern on Higher Time frame (looking for triangle to act as a reversal. Right: Reversal zone.
Note
3 pushes up. Wedge. Potential Reversal.Note
On the hour, tapped the reversal zone on the 3rd push up. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.