Spot Gold Hourly Chart

Here is an hourly count for Spot Gold. The wave count seems very clear on this one. I think we are currently in a wave C down, and expect a fall to somewhere between the wave 2 extreme (1086) and the 61.8% Fib (1108). Wave A will equal wave C at 1104. Cautious traders may want to wait for a break of the rising trend like support before shorting. Keep stops at 1147.