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The structure on the hourly chart has changed slightly.

The fourth wave correction which was unfolding continued a little higher and is now a perfect expanded flat with micro wave C just 0.07 longer than 1.618 the length of micro wave A.

This changes the target for minuette wave (iii) slightly. At 1,273 subminuette wave v would reach equality in length with subminuette wave i.

Gold hourly 2013