For these 2 counts to remain applicable Price must not break the red or the black lines illustrated...
Target for 5th wave to be hit on support lines in the range between1242-1270.
Fib Ext levels 1252 and 1242.
My trade recommendation is to trade with caution and be mindful and observant of the support & resistance levels mentioned above. Typically nothing goes down in a straight line and hence the price of gold can retrace in order to test the resistance levels mentioned above. If you missed out on a sell entry then we recommend to wait until the resistance areas are tested again; however if price continues to move lower from these levels then you can enter the market after a candle closes below a support level.