Gold — ABCDE Triangle Formation With Bullish Breakout Ahead

In my view, gold is forming a corrective ABCDE triangle with an expected breakout to the upside🚀

At the moment, wave C is either still developing or it is almost completed, and wave D may soon begin. I marked these two scenarios with orange🟠and purple🟣 arrows respectively.

However, I also do not rule out the possibility that this structure may turn out to be a flat ABC correction rather than a triangle, as I currently expect.
In that case, price should first move according to the orange scenario.

After the correction completes, I expect price to follow the green path, taking gold above its recent all-time high🌱

And between us — I personally expect gold to eventually reach above 8000 😱
But for now, let’s patiently wait for this current structure to finish forming.

💬Share your thoughts in the comments:
Do you think wave C is already complete, or will gold dip lower according to the orange path?
I’m curious to hear your view.