The target for more upwards movement was 1,277, but it has not been met yet. Price did make a slight new high.
Sideways or slowly higher movement was expected. Tuesday has completed an outside day and Gold appears to be developing a small trading range with resistance about 1,265 and support about 1,245.
Upwards movement for the main Elliott wave hourly chart was expected to reach a target at 1,240.
Price moved higher as expected to reach 1,241.99.
Price has moved lower and remains within the channel drawn on both the hourly and daily Elliott wave charts.