XAUUSD wave analysis

Jul 22, 2024

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

Jul 23, 2024

Note

xauusd made the low near 2384 in the given support zone..
now Wave B in progress..

Jul 23, 2024

Note

2412

Jul 24, 2024

Note

2418

Jul 24, 2024

Note

xauusd made high 2419 from low 2383.. near the trendline..
B wave has resistance of trendline..
near this part book of profit advisable..

Jul 24, 2024

Trade closed: target reached

2423 minimum target done for wave B