Is the $1000 Gold Price Correction Over?

Is the $1,000 Correction over? Conventional technical analysis tells me the correction is over or close to it with the break to the upside of the green down trend line. I also like to look carefully at the peak to bottom cycle period in the gold price which is nearly complete. Historically it has proven to be a 3-4 week cycle form peak to bottom. So now, enter the era of consolidation and the formation of a continuation Pattern, in other words UP AND DOWN sideways action. A retest of $880 or even a final low of $850 is possible on the downside but the more interesting move in my opinion is the $1,250 point on the upside.

In the 4 week period which is coming upon us I will be dollar cost averaging in physical Gold bullion and in an allocation form at Goldmoney.