ABCDE Correction - Buy Lower!

Hello traders, today I bring you the daily chart of gold and present my expectations. It looks like gold is forming ABCDE correction pattern within a descending channel. We are yet to see the the (D) and (E) moves as illustrated in the chart. I expect gold to fall anytime soon from the $1,870 - $1,900 resistance zone to complete (D) after which the price moves down below the previous low at $1,765 to complete the final (E) move. Do not short this market since the overall trend is up and the correction could be completed already in the form of ABC. I would buy this market in the indicated zone in the chart and hold for the next ATH :)

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Good luck!