Gold seems to be forming a-b-c-x-a-b-c structure. This is detailed in the chart below with the channel lines and labels. Currently we may be nearing the end of wave a once the 5the wave is done. Then we may see a side wise movement which may try to touch the channel top to reverse and complete wave c.
Gold Elliott wave analysis on hourly chart:
Gold Elliott wave analysis on hourly chart:
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