XAUUSD in ABC corrective wave where wave B retaced 100% of wave A.. and took lot of time to complete. now expecting wave C to take lesser time to complete.
Wave C down in progress where minimum target of 2502 low made.. important support zone to watch is 2504-2500. if broken than more down side possible 2490-85
Will be looking for buying opportunity if bullish candlestick pattern formed.
Disclaimer : study is educational
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till now high made near 2520..
Two powerful levels 2520 and 2504 given much before
and its moving between this two levels till now..