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.
Not
low made 2509 till now
Not
low made 2500.86
as expected profit booking seen from channel top
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