XAUUSD in last 5th wave up
xauusd moving in channel with impulse wave.
Currently it is in last 5th wave up and it is in equality with wave 3
where wave 3 moved from 2380-2479
now wave 5 moved from 2432 to 2532.
Now needs to be cautious at higher level.. profit booking is expected.
Currently getting resisted near the channel top.
Formation of bearish candle needed for shorts
Breaking of green trendline will indicate more weakness
Discalimer : wave study is only for educational purpose and not as trade recommendation.
Currently it is in last 5th wave up and it is in equality with wave 3
where wave 3 moved from 2380-2479
now wave 5 moved from 2432 to 2532.
Now needs to be cautious at higher level.. profit booking is expected.
Currently getting resisted near the channel top.
Formation of bearish candle needed for shorts
Breaking of green trendline will indicate more weakness
Discalimer : wave study is only for educational purpose and not as trade recommendation.
Note
low made 2509 till nowNote
low made 2500.86
as expected profit booking seen from channel top
Note
2484 low done
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