the wave labeling may not be correct as we only see a small fraction of what could happen eg. what if this is a (i)-(ii)-i-ii sequence?
Anyway, here is the bullish interpretation for the short-term, either blue flat or red trend continuation pattern
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micro count
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4 Hours chart
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bullish flag?
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still bullish
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bullish count
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sideways corrections for ii, sharp correction for iv? short-term bullish outlook as follows
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alter count in gold suggest a potential triangle wave (C) (zigzag {a}- {b}-{c}) has topped last week. A decisive break below 1300.73 would support the bearish interpretation on gold.