In this video I have discussed the two likely Elliott Wave Counts for Gold (XAU USD), both counts are pointing in the upward direction.
Hypo 1 states that we are currently in Wave C and within Wave C we are in Wave 4 which means we are to see one leg down and then the upward movement will begin, however Hypo 2 states that the upward turn has already begun from the 1240 level.
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