XAUUSD GOLD Preferred Elliottwave Count

This an Elliott Wave count of Gold - XAUUSD on the weekly time frame and is projecting a possible rejection and reversal around the level of 2080 - 2190. Please note this chart should not be used to open a short position on Gold as momentum is still strong and odds for projection's invalidation are great.

This idea will be updated when we reach the level of possible rejection.