Nov. 12th – GOLD

Not too much change to our view, the latest high has made me make the labeling as a bigger triangle for now, expecting still ((B)) to finish and then a move down to complete the correction for ((C)). Prices have moved above all moving averages so this is still bullish, and we have no confirmation that this count is correct. Printing above the Key resistance as drawn on the chart would invalidate the triangle count and make us look for a more bullish count.
For now, we wait until we can get some confidence in the count, or the price action shows us a clear direction.