XAUUSD elliott wave analysis.. Buy on Dip

By MDstockmagic
Uppdaterad
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
Kommentera
bounced from the support again 2473-70...

till now made high 2486..

keep eye on 2496 level.. bull need this level to cross
Kommentera
xauusd silently makin high.. 2502 till now
Kommentera
2505 high till now... near 1st resistance 2507-09..

will london sweep that liquidity ?
Kommentera
2507 done
Kommentera
power of elliott wave... high 2517
Trade stängt: målet nått
2323 high
Trade stängt: målet nått
2523
Chart PatternselliottwaveanalyiselliottwaveforecastsgoldpriceTrend AnalysiswaveWave AnalysiswaveanalysissXAUUSD
MDstockmagic

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