This wave count is based on the idea that *XAUUSD 12 HOUR BULL (PRIMARY ALTERNATE 1)* is invalidated and replaced with the idea that "primary wave C red is unfolding as an ending contracting diagonal"
This wave count states that 1) Minor 1 blue unfolded as a simple zig zag 5-3-5 and 2) Minor 2 blue is unfolding as a complex correction.