FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
looks risky but stop loss is tight. in my previous analysis i posted about gold being bullish with price currently in wave 3 . however price doesn't look very sharp. kind of consolidating hence i took a second and realized the first falling wedge was wave 5 of 3. hence price is now at wave 4. to be specific, price is at wave C of 4 with wave C forming a rising wedge. although wedge hasn't completed. it may or may not to be a falling wedge after all. hence setup is invalid if price hits 1771
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