Feast on This !!! Below in the first chart and link is what happened after the Q4 1974 all-time quarterly high close of 186.75 was taken out in Q3 1978 where gold closed at 217. After moving to an all-time daily close high of 249 in October 1978, it corrected back down to 192 which was 3% above the old quarterly high close. That correction also stopped at slightly below the 200 day SMA on November 28, 1978. After this swing correction it rallied back to another all-time daily close high here by February 1979 at 260. Afterwards there was no looking back for the next 10 months to a more than triple in price to 870.
Below in this chart and link is what happened after the Q3 2012 all-time quarterly high close of 1773 was taken out in Q2 2020 where gold closed at 1800.50. After moving to an all-time daily close high of 2089 on August 7, 2020, as of November 24, 2020, it has now corrected back down to 1800 which is at the old quarterly high close. This correction has also reached its 200 day SMA which is also 1800. After this swing correction another all-time daily close high here by February 2021 is very probable. After 2100 could there also be no looking back for the next 10 months to a more than triple in price to 6800-7000?