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Gold Spot / U.S. Dollar
Long

XAUUSD WAVE ANALYSIS

By MDstockmagic
Updated
XAUUSD breakout from 0-B trendline and started impulse upmove
It is in 3rd wave up and every dip is the buying opportunity till wave 5
which targets 2484++
Comment
2462
Comment
2467.5
Comment
2468... part profit booking advisable.. trail in profit as per your risk reward..
weak below 4th wave low
Comment
made high near 2477 till now .. near to expected target of 2484..
last 5th wave in progress so be cautious in long position as trend is getting matured.
Technical IndicatorsTrend AnalysisWave Analysis
MDstockmagic

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