Gold – Straight Up, Straight Question

[m_c_jacob]

1. Yesterday’s Move Recap
Like everyone else these days, I’m trying to make some sense of Gold’s move. Let’s be honest: even if you were extremely bullish, you wouldn’t have expected this kind of vertical line in the past 6 weeks or so.
The market is clearly overextended, and while momentum is impressive, technical traders know what usually follows such parabolic moves.

2. Key Question
Is Gold about to enter a much-needed correction, or can this euphoric rally defy gravity for longer?

3. Technical Observations
• Since the 2700 ATH zone in September, Gold has been carving out a repeating rhythm:
o Monday: explosive new ATH push
o Tuesday: spikes and volatility
o End of the week: corrective drop
• The last strong move (Friday the 19th → Wednesday the 23rd) measured around 1600 pips.
• If we project a similar extension from last Friday’s start, the measured move points toward 3885–3890 — right at the top of the newly formed channel.
This zone is not a certainty but an interesting confluence of measured move symmetry and technical channel resistance.

4. Why I Expect a Correction
• Gold has recently shown a tendency to correct after Wednesday.
• We are already in stretched territory with limited room for new buyers at these levels.
• Corrections are not only natural but necessary for healthy continuation.

5. Trading Plan
For me, the only trade that makes sense here is shorting spikes into resistance — anticipating a strong correction. I’m currently flat, but if we see exhaustion signs near 3885–3890, I’ll consider positioning short. The same strategy worked well last time,so...

6. Closing Thought
Patterns don’t always repeat perfectly, but they rhyme. If Gold follows its recent script, a midweek top followed by correction wouldn’t surprise me at all.

[m_c_jacob]

Gold started its correction