11d (edited) • Charts + Analysis 📈📊
Gold New All Time High - Is the correction over?
Date: 23rd December 2025
With Elliot waves and trading one rule always remains the most important - only trade YOUR setups. If the price isn't following the expected path - sit out till the charts make sense before entering a trade.
Scenario 1: Gold recently broke its top of 4380 - an up move we did not catch. The charts showed us that Gold was in a corrective B wave heading upwards and a C wave down was pending before the actual impulse towards the upside begins. This is still the case.
Just because the high has been cut it does not mean that Gold has finished its correction. The B wave has gotten extended and crossed the high which now makes the chart clearer in a way. We are now looking at an extended / running flat corrective. In such a correction wave B usually goes to 1.23% or 1.38% of wave A giving this up move a target of 4,494 and/or 4569. The final C leg of this correction will then come down before our next impulse begins on the upside.
Depending on where it turns from we will be able to derive the targets we can look for during Wave C.
Scenario 2: If gold begins to trade comfortably above 4569 levels we will then look at changing the count and consider the corrective phase as over. This would mean that we had a very short and sharp Wave 4 and Wave 5 has in fact begun.
Sharing both charts below
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Gold New All Time High - Is the correction over?
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