Gold is forming Elliott Wave

COMEX:GC1!   Gold Futures
103 1
Gold has formed elliott wave and currently cosolidating at 4th point and the expected 5th point would be at approx. 1300 $ which is approx 100 $ up from the current market price. Let's Observe it.
Please re-look at your EW labelling 3 will be shortest and wave 4 and 1 overlap....violation 2 basic rules of EW Theory.
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