XAUUSD in corrective wave down
XAUUSD profit booking followed from channel top 2532 for wave 5
timely explanation of wave 5 top and profit booking expectation read previous post
now expecting corrective wave ABC to follow...
of which wave A down in progress... made low near 2500
currently respecting the orderblock near 2500..
breaking of the same will bring weakness towards 2485
Wave B up should be taken as sell on rise opportunity.
timely explanation of wave 5 top and profit booking expectation read previous post
now expecting corrective wave ABC to follow...
of which wave A down in progress... made low near 2500
currently respecting the orderblock near 2500..
breaking of the same will bring weakness towards 2485
Wave B up should be taken as sell on rise opportunity.
Note
2498 low made todayNote
finally made low near 2484... target achieved...
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