we are in correction phase, where the price takes a long time to do almost absolutely nothing! especially for the most part, double threes and triple threes are horizontal in character
correction patterns are usually hard to track, they do follow rules but yet not so easy to identify what is forming in advance.
the question is "what is the correction pattern forming for gold". the drawing on the chart is an attempt to present some possible scenarios of correction patterns forming
finally, correction patterns can be simply considered as a pause within the larger operating trend and we expect trend continuation once the correction patterns are over
Thank You @Yuriy_Bishko, i am big fan of your high value analysis that you share, your educational videos are unique, they are great additions to me both when I design an indicator and when I trade. So hearing such a nice comment from you is a great pleasure ;-)