This 4 Hour chart shows my continuing idea from 29th Oct which has GOLD currently in a W,X,Y correction back to the 50% fib retrace
level at 1309.
Wave (x) has completed along with minor wave 1 of the (Y) wave. A small decline to around 1271 support line may occur before GOLD
starts wave 3 which should be a strong move upwards.
Note that GOLD in wave 3 of 3 with strong momentum.
when this corrective wave finishes which will be soon.
this is often what happens at periods of uncertainty.
I will redraw the chart soon.