Thursday, 7 August 2014

XAU/USD Daily NEo Wave Plot (08/08/2014)

I Hope Everyone Making Money In Last Session Given Exact Turning Point After That We Witness The Upside.(Check My Last Report Click Here Or Check Last Image).
Today Also We Will Witness Some More Upside.
Today's Major Hurdle Is 1318.26.Above That Gold Will Fire.
We Can See Some Contracting BIAS On Lower Time Frame Candlestick Chart.
Till Gold Is Below Weekly SAR And Monthly SAR Level Major Strength Is There,If Goes Below That SAR Level Major Weakness Will Come.
If Gold Goes Below Daily and 4Hr SAR Level Then Minor Weakness Will Come.
 (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 Hold 1309.82/1306.80 Then More Upside Is Possible, Above 1318.26 More Strength Will Come.
Negative:-If XAU/USD Is Not Able To Hold 1309.82/1306.80 Then Some Downside Is Possible,Below Daily SAR Level Minor Weakness Will Come.
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Happy Disciplined Trading.

 

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