MDstockmagic

XAUUSD bearish flag pattern

MDstockmagic Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD .. making bearish flag...
consolidating in abcde waves of which last wave "e" is in progress..
immediate resistance near 2344-45 and than channel resistance near 2355
whereas downside channel support near 2310-08
breaking of channel will bring sharp down side..
Comment:
Wave "e" completed near the channel top.
breaking of channel will bring more down side..
2310-2286
Comment:
post breaking channel made low 2293

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