Possible Correction on GOLD (GC) by ThinkingAntsOk

Use this as a guide to develop your view of the chart.

Main items we can see on the 4hs chart:

a)currently, the price is on a Support zone

b)On that support zone, we expect a reaction towards the broken ascending trendline

c)From an Elliott perspective, we have a full count 12345 and now is correction time

d)How is a correction composed of 3 Waves ABC now we are on A and we expect B to come

e)If that happens, we should expect a final C before the continuation of the bullish movement.