Gold Update: Possible Triangular Consolidation Before New Rally

It looks like corrective wave 4 is in the making within a large Triangle
3 waves A, B and C already emerged in 3-waves structure
which confirms triangle
Wave D should stay under the top of wave B
Wave E could either touch or break down the support line
It should keep above the valley of wave C

Target area changed higher as this consolidation tends to narrowing within a
contracting triangle.
Lowest target now $3,900
Optimistic target is at $4,300

Breakdown below $3,123 would invalidate the pattern