GOLD (4H): SHORT to support area of 4360 (Correction).

[ed]

Colleagues, the price has shown fairly steady growth, reaching a new historic high, and I believe that a correction is not far off.
So, at the moment, wave “1” of the higher order is coming to an end, and I expect this to happen around the 4545 level, followed by the start of corrective movement “2” towards the 4360 level — this is the minimum target. Of course, I expect a deeper correction, but I prefer to take more likely targets.
I would also like to point out that the price may already begin its correction, which would mean that wave “1” is already complete.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!