GOLD - A possible ABC correction.

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GOLD - A possible ABC correction.GOLD (US$/OZ)TVC:GOLDjessicaWBased on this chart, I am anticipating a potential ABC correction. Gold remains bullish above $4,746, at least through the end of this week. TP = 5,018 TP = 5,118 If price action stays below the $5,171 resistance (red line), a pullback is likely, which would confirm the completion of wave B and the start of a 5-wave C-leg. Alternatively, a breakout above the $5,171 resistance would bring the following targets into play: 3. TP = 5,278.60 4. TP = 5,321.92 Any dashed lines above the 4th TP represent subsequent upside targets. Confirmation of whether wave B has topped out will likely emerge only next week.