Gold NEW ATH to $2,912?! (1H UPDATE)

4H chart has hit our resistance zone & rejected. But, on the smaller TF we're currently seeing a re-distribution schematic play out on Gold ahead of its sell off which means we MIGHT see 1 more new ATH. Re-distribution schematics normally take place in between Wave 3 high, Wave 4 low & Wave 5 high.

This sell off schematic normally builds up within a 'Flat Correction' channel, which traps in early sellers & late buyers into the market. This is why it's a hard pattern to recognise.

⭕️POI 1: $2,857 - $2,848
⭕️POI 2: $2,826 - $2,817