In Last Session We Witness Few Hours Of Sideways Move After That Short Term Weakness As A Major Trend Is Weak. But XAU/USD Is Managed To Close Hourly Candle Above 1286.46 Which Is Exactly 38.2% Level Of Last Upside From 1280.06 To 1297.15.
That Means Still There Is A Possibility Of Wave-C Of Zigzag, May Last Session We Witness Wave-B Of Zigzag.
Until Hourly Candle Close Below 1286.46 There Is A Possibility Of Upside So Buy On Deeps Till 1286.46 Hourly Closing Basis.
But Don't Take Long Position Until Break 1289.10/1291.33.
XAU/USD Is Below Weekly And Monthly SAR Level Means Weakness Is There.
If XAU/USD Is Goes Above Daily SAR Level Major Strength Will Come,And If Goes Above 4 Hour SAR Level Minor Strength Will Come.
(For SAR Level's Check Last Image,For Latest Hourly SAR Level Check On Facebook)
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Initial Watch:-
Positive:- If XAU/USD Is Able To Hold 1286.46 Hourly Closing Basis Then Upside Possible Targets Like 1303.52 But Don't Take Long Position Until Break 1289.10/1291.33.
Negative:-If XAU/USD Is Break 1286.46 And Hourly Close Below That Then Downside Is Possible.
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Thank You.
Happy Disciplined Trading.
That Means Still There Is A Possibility Of Wave-C Of Zigzag, May Last Session We Witness Wave-B Of Zigzag.
Until Hourly Candle Close Below 1286.46 There Is A Possibility Of Upside So Buy On Deeps Till 1286.46 Hourly Closing Basis.
But Don't Take Long Position Until Break 1289.10/1291.33.
XAU/USD Is Below Weekly And Monthly SAR Level Means Weakness Is There.
If XAU/USD Is Goes Above Daily SAR Level Major Strength Will Come,And If Goes Above 4 Hour SAR Level Minor Strength Will Come.
(For SAR Level's Check Last Image,For Latest Hourly SAR Level Check On Facebook)
-------------------------------------------------------------------------------------------------------------------------------
Initial Watch:-
Positive:- If XAU/USD Is Able To Hold 1286.46 Hourly Closing Basis Then Upside Possible Targets Like 1303.52 But Don't Take Long Position Until Break 1289.10/1291.33.
Negative:-If XAU/USD Is Break 1286.46 And Hourly Close Below That Then Downside Is Possible.
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Thank You.
Happy Disciplined Trading.
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