Gold could continue to rise until the November CPI announcement on December 13th.
If the rise continues, a weekly correction of the daily bearish pattern is expected to come at a higher position than the current position.
If the weekly correction proceeds as expected, this year will end with the correction pattern as it should reach close to the weekly demand zone.
And, it seems that it will be determined by the market action near the weekly demand zone
whether it will lead to a large weekly uptrend early next year or whether the monthly correction will end and the daily downtrend will start again.
If the rise continues, a weekly correction of the daily bearish pattern is expected to come at a higher position than the current position.
If the weekly correction proceeds as expected, this year will end with the correction pattern as it should reach close to the weekly demand zone.
And, it seems that it will be determined by the market action near the weekly demand zone
whether it will lead to a large weekly uptrend early next year or whether the monthly correction will end and the daily downtrend will start again.