Last Session We Are Considering Diamond Shaped Diametric ,But Market Reject's This Possibility.
We Have To Consider Bow-Tia Diametric.Because We See Some Contraction Then We Witness Expansion.
This Pattern Shows First Half i.e. Wave-A,Wave-B,Wave-C,And Center Wave-D Contracting Bias,While Second Half Wave-E,Wave-F,Wave-G Comes With Expanding Bias.
Price wise Wave-G Has Relationship Of Equality Of Fibonacci Ratio Of 61.8 With Wave-A.
In Candle Stick Chart We Can See Some Contracting Bias On Daily Chart.
Hope Will Get Breakout Today After 2 Sessions Of Consolidation.
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Initial Watch :-
Positive:-If XAU/USD Is Able Trade Above 1333.47 Shows More Strength.Minor Strength Will Come Above 4Hr SAR Level.
Negative:-If XAU/USD Is Not Able To Hold 1318.66 Then More Weakness Will Come, If Cross Daily SAR Level Then We Will Witness More Downside.
For Intraday Update- Click Here
Thank You.
Happy Disciplined Trading.
We Have To Consider Bow-Tia Diametric.Because We See Some Contraction Then We Witness Expansion.
This Pattern Shows First Half i.e. Wave-A,Wave-B,Wave-C,And Center Wave-D Contracting Bias,While Second Half Wave-E,Wave-F,Wave-G Comes With Expanding Bias.
Price wise Wave-G Has Relationship Of Equality Of Fibonacci Ratio Of 61.8 With Wave-A.
In Candle Stick Chart We Can See Some Contracting Bias On Daily Chart.
Hope Will Get Breakout Today After 2 Sessions Of Consolidation.
-------------------------------------------------------------------------------------------------------------------------
Initial Watch :-
Positive:-If XAU/USD Is Able Trade Above 1333.47 Shows More Strength.Minor Strength Will Come Above 4Hr SAR Level.
Negative:-If XAU/USD Is Not Able To Hold 1318.66 Then More Weakness Will Come, If Cross Daily SAR Level Then We Will Witness More Downside.
For Intraday Update- Click Here
Thank You.
Happy Disciplined Trading.
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