Is This Final Upside We Witness In Last Week??? Chart Is Showing Much Scaring Picture.
Yes,May This Is Possible Because We Can See Some Triangular Behavior In Simple Candlestick Chart. As Well As Some Contracting Behavior In Daily Chart.
I Hope All Of You Enjoy Last Week's Projection(Please Check Last Chart).
New High May Be Only Possible Above Last Week's High.
As Per NEo Wave Logic Last Week We Must Have To See More Thrust In Upside Direction But Price Action Is Never Given Impulsive Thrust,Is The Sign Of Weakness??
Weekly Trend line Will Decide Next Move (Check First Chart).
So Overall Sell On Rise Should Be Respected.
Please Check First Chart Go With The Preferred Structure,If Not Break Given Level Then Only Go With Alternative Structure.
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Initial Watch:-
Positive:- If XAU/USD Is Able To Hold 1329.61-1327.10 Then Only Upside Possible. Above Last Week's High More Strength Will Come.
Negative:-If XAU/USD Is Able To Break 1329.61-1327.10 Then We Can See Some Downside Like 1310.49/1290.23 And More. Below Day's And Weekly SAR Level We Can See More Weakness.
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Thank You.
Happy Disciplined Trading.
Yes,May This Is Possible Because We Can See Some Triangular Behavior In Simple Candlestick Chart. As Well As Some Contracting Behavior In Daily Chart.
I Hope All Of You Enjoy Last Week's Projection(Please Check Last Chart).
New High May Be Only Possible Above Last Week's High.
As Per NEo Wave Logic Last Week We Must Have To See More Thrust In Upside Direction But Price Action Is Never Given Impulsive Thrust,Is The Sign Of Weakness??
Weekly Trend line Will Decide Next Move (Check First Chart).
So Overall Sell On Rise Should Be Respected.
Please Check First Chart Go With The Preferred Structure,If Not Break Given Level Then Only Go With Alternative Structure.
---------------------------------------------------------------------------------------------------------------------------------
Initial Watch:-
Positive:- If XAU/USD Is Able To Hold 1329.61-1327.10 Then Only Upside Possible. Above Last Week's High More Strength Will Come.
Negative:-If XAU/USD Is Able To Break 1329.61-1327.10 Then We Can See Some Downside Like 1310.49/1290.23 And More. Below Day's And Weekly SAR Level We Can See More Weakness.
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Thank You.
Happy Disciplined Trading.
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