Gold XAUUSD Chart Technical Outlook consolidates within the 4th wave
Although negative price action resulted in Gold breaking the sequence of three positive daily performances, the daily chart shows spikes in both directions, highlighting indecision.
From a technical perspective, the last impulsive move to the upside could be seen as the third wave in a bullish Elliott Wave count (5 waves). Prime resistance/target is located at $2,502. Intraday support is located at $2,442.
