20d • Charts + Analysis 📈📊
Gold Update - The Correction is on!
Date: 1st December 2025
Using the 4 Hour Chart this time to explain the current corrective we are in. In our last post we had identified that the impulse was on its last legs and had begun trailing our longs. The correction has finally begun and we are looking at 3 different scenarios.
Scenario 1 - A regular ABC corrective with C coming down towards 3,750 making that area a buying zone for the next impulse
Scenario 2 - A triangle pattern that would make higher bottoms in and around the 4000 mark
Scenario 3 - A Flat ABC correction keeping the market range bound between 4400 - 3880. In this scenario we would again move towards and possibly even create a new all time high before coming down again to retest or break 3880 before the actual next impulse begins.
All images are below
Please do share your thoughts and feel free to post a different count or possibility!
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Gold Update - The Correction is on!
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