Gold 4H Elliott Wave: bounce toward 4,235 possibleGoldOANDA:XAUUSDkausar13nXAUUSD 4H Elliott Wave view. Gold has completed a five-wave impulse down from the August high (about 4,685): wave 1 at 4,283, wave 2 at 4,511, wave 3 at 4,067, wave 4 at 4,188 and wave 5 at about 3,970. Wave 4 did not overlap wave 1, so the count is valid. Possible next move: an A-B-C corrective bounce. A near 4,110, B near 4,060, C near 4,235 (38.2% of the whole decline, next to the 4,228 resistance). That would be a rally inside a bigger downtrend, not a reversal. Invalidation: a close above 4,283 breaks the bearish count. A break below 3,970 before A completes means wave 5 is extending, with targets near 3,870 and 3,800. Levels are approximate and the wave count is subjective. Not financial advice.