XAUUSD wave analysis
xauusd made high near 2483 and moving down ward in form of ABC WAVE
currently impulse down wave A is in progress...
impulse down wave A has subordinate wave 1-2-3-4-5
of which wave A(5) in progress...
2390-80 is the support zone.. bullish candle formation in this zone
will give bounce for Wave B towards 2420-2430
currently impulse down wave A is in progress...
impulse down wave A has subordinate wave 1-2-3-4-5
of which wave A(5) in progress...
2390-80 is the support zone.. bullish candle formation in this zone
will give bounce for Wave B towards 2420-2430
Note
xauusd made the low near 2384 in the given support zone..now Wave B in progress..
Note
2412Note
2418Note
xauusd made high 2419 from low 2383.. near the trendline..B wave has resistance of trendline..
near this part book of profit advisable..
Trade closed: target reached
2423 minimum target done for wave B
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