XAUUSD/Gold Elliott Wave Count

I am confident that we are just on the retracing Wave 2 of the falling diagonal.

If price retraces bullish, past Wave B (Black), then the count becomes invalid.

The same rules apply if price falls bearish too far, past our previous Wave 2 (Red). The count becomes invalid.

I am still working on a lower time frame count for the retracing Wave 2 (Blue)
Elliott WaveTrend AnalysisWave Analysis

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