We Have Seen Weekly Breakout In Last Week,As I Told In FOMC Meeting's Report. After The Breaking Trendline We Witness Very Fast Price Action.This Week Upside Will Continue If Price Is Not Fall Below Given Some Levels Keep Eyes On Given Level.Alternative Scenario Is Some Contraction We Can See On Weekly Candlestick Chart Also We Can See Price Is Resisting Near That Trend-line Also Some Contracting Bias In Strength Indicator.But Its Not Much Worry About This Trend-line But If Break Daily SAR Levels Then Be Cautions In Major Trend.
Initial Watch :-
Positive:- If XAU/USD Is Able To Hold 1297.65/1282.66 In This Week Then We Will Witness Some Upside Like 1346.17/1361.16 Which Is Exact Minor Degree Wave a= Wave c.
Negative:-If XAU/USD Is Not Able To Hold 1297.65/1282.66/Daily SAR Level Then We Will Witness Some Downside,Minor Downside Is Possible Below 4Hr SAR Level.
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Thank You.
Happy Disciplined Trading.
Initial Watch :-
Positive:- If XAU/USD Is Able To Hold 1297.65/1282.66 In This Week Then We Will Witness Some Upside Like 1346.17/1361.16 Which Is Exact Minor Degree Wave a= Wave c.
Negative:-If XAU/USD Is Not Able To Hold 1297.65/1282.66/Daily SAR Level Then We Will Witness Some Downside,Minor Downside Is Possible Below 4Hr SAR Level.
For Intraday Updates - Click Here
Thank You.
Happy Disciplined Trading.
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