XAUUSD elliott wave analysis.. Buy on Dip
Updated
Yesterday ISM Manufacturing PMI data given a dip near 2473
where it seems that xauusd completed its last leg of 5th wave of Y.
Now breaking out from the channel and 2-4 trendline will give more strength for
upmove..
Important level to watch 2496.. bulls need to sustain
upside immediate resistance 2507-09 and 2532
downside support 2473-2470
Disclaimer : study is for educational purpose
where it seems that xauusd completed its last leg of 5th wave of Y.
Now breaking out from the channel and 2-4 trendline will give more strength for
upmove..
Important level to watch 2496.. bulls need to sustain
upside immediate resistance 2507-09 and 2532
downside support 2473-2470
Disclaimer : study is for educational purpose
Note
bounced from the support again 2473-70...
till now made high 2486..
keep eye on 2496 level.. bull need this level to cross
Note
xauusd silently makin high.. 2502 till nowNote
2505 high till now... near 1st resistance 2507-09..
will london sweep that liquidity ?
Note
2507 done
Note
power of elliott wave... high 2517Trade closed: target reached
2323 highTrade closed: target reached
2523
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