Gold Spot / U.S. Dollar
Long

2 Possibilities for Golden 4-Hour Level Wave Count

Wave count 1 at the 4-hour level of gold: 2536 marks the end of the pink fourth wave correction, and currently, the green third sub-wave of the pink fifth wave is starting to rise.

Wave count 2 at the 4-hour level of gold: The pink fourth wave has not ended yet, and it is currently in the red B-wave rebound. However, it is unlikely that the subsequent red C-wave will fall below 2536. This white dashed line is the central bank's buying trend line, with strong support.

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