user100000
Long

XAUUSD Daily EW Count

FX:XAUUSD   Gold/U.S. Dollar
262 0 5
The circled area seems to have a five wave structure i.e. impulse wave (not a B wave correction). Looking at a shorter TF, 1h, shows five waves more clearly. It is unlikely to be a B (red) wave because it already exceeds 138.2% of A (red) wave which is a typical fib ratio for an expanded flat for example.
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