Short Term Elliot wave analysis for XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
138 1 1
Gold             could be working on C leg of ABC correction of the run up from 1131 to 1178. 1131 could be a MT bottom. Breach of 1180 area to the upside would confirm wave ( iii             ) underway. This count is busted with a breach below 1131.
Well wave (ii) was a bit more drawn out then I anticipated. I am confident this move up is wave (iii) action.
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