XAU has just bounced off the 1hr demand OB which will then see us retracing slightly to complete the 2nd phase of the motive elliott wave before taking off to test key levels if resistance @ 2418 and the 1 hr supply OB at 2424 before retracing back down to form the a,b,c corrective phase heading back down towards the july open levels between 2378 & 2364.
Let me know what you guys think.
Happy Trading.