FX:XAUUSD   Gold Spot / U.S. Dollar
White count, while technically still valid, looks to be most unlikely. Price visited my target box for yellow alt (2) and could find a bottom soon. Positive divergences holding would be helpful, but price is the real tale.
Note the similarity of gold's count to the Gold Bug's Index (HUI) linked below.
IF gold is bottoming, then something like this white line projection is my general expectation. Timing? Uncertain.

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