4-hour gold wave count: Since the rise on February 14, 1983, there is an 80% chance that the yellow third wave has been completed. The next step is to enter the yellow fourth wave to correct the yellow third wave, focusing on the structure of the Fibonacci retracement at 0.382-0.5-0.618. As long as the structure ends, it's a buying opportunity for the yellow fifth wave. As for the target, no one can say for sure. Generally, the third wave is the longest. Currently, the third wave is greater than the first wave. So, will the fifth wave be greater than the third wave? Definitely, it depends on the market.
