gold
Updated
this is just a part of possibilities that can happen cose this structure doesnt look like its motive at all. so if gold proceed up it may came out as a red abc pattern and rush down to finish bigger time frame orange diagonal or as in 4H/Daily time the first abc correction (it have big similarity with it) so for better reassurance next moves need to be closely monitored cose it can make some contracted correction and rush up, or even extended correction, thats why needs to be followed along the way. cose on daily/weekly the structure is finished. and now we r just following the last parts of the correction before it rushes up for the final part spoked in previous charts.
Note
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.