Wednesday, 30 July 2014

XAU/USD Daily NEo Wave Plot (31/07/2014)

Last Session As We Expected Market Moves As Per My Preferred Structure(Check Last Image).
After The Wave-C Of Zigzag We Witness The X-Wave Of Complex Correction After That We Witness First Leg Of Second Corrective.
For Current Session First Few Hours We Will Witness Sideways Move After That I Am Expecting Downside Pressure.
Above Daily SAR Level Minor Strength Will Come And Above 4Hourly SAR Level Normal Strength Will Come.
Below Weekly SAR Level Major Trend Will Change.
Till Below Daily And 4Hr SAR Level Market Trend Is Down.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
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Initial Watch :-
Positive:-If XAU/USD Is Able To Break 1299.80 Then Some Minor Strength Will Come And If Break Daily SAR Level Then Strength Will Come.
Negative:- If XAU/USD Is Unable To Break 1299.80 Then I Am Expecting Target's Like 1289.59/1287.18 , Below Weekly SAR Level Major Trend Will Change.
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