Based on Elliot wave analysis in the weekly timeframe and referencing Mr. Robert Miner's objectives table, gold appears to be progressing through its third impulse wave. There is a likelihood that it may revert to the region delineated between two yellow lines, as per the strategy of consolidating return points into two areas. Within this range, a forceful candle breaking the initial zone would invalidate it, potentially leading to the exploration of the secondary zone.
There exists a tertiary area beyond the primary zone marked by the yellow lines; however, the probability of price movement into this area is notably low, given its current position. Nonetheless, it's crucial to acknowledge that despite the improbability, all possibilities must be considered at the conclusion of the third wave.