As long as gold does not close above $1988.5 on a daily basis but stays below the red line, I believe a correction has occurred. The targets are: TP1 = $1920.85 TP2 = $1877.48
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One of those two follows: either a red path or a blue path.$
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Chart 6 months: If by the end of the year, more precisely in the second half of the year, not a single month closes above $2052, then we will see a falling trend (red arrows). Otherwise blue arrows.
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If it falls below 1968.53, then it goes according to the red arrow.