From last three sessions we are witnessing some sideways as well as some complex patterns,From last three sessions we are witnessing Bow-Tie Diametric.This is very complex pattern.
At the end of last session we witness some downside fall, That fall is coming after completing bow-tie diametric.This fall may continue today also.
We can see on daily chart (Second Image) Gold is trying to breaking upper trend line but it fails. Means bears are more powerful we can see the bear is having power in second last image.
As I Said In My Weekly Report Breaking Of 1295.10 Is Detrimental For Gold.
If xauusd is goes below weekly and monthly SAR level major weakness will come,Below Daily SAR level minor weakness 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 break 1311.63/1313.96 then may some strength will come.
Negative:-If XAU/USD is unable to break 1311.63/1313.96 then we can see some downside targets like 1304.08/1301.75
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Thank You.
Happy Disciplined Trading.
At the end of last session we witness some downside fall, That fall is coming after completing bow-tie diametric.This fall may continue today also.
We can see on daily chart (Second Image) Gold is trying to breaking upper trend line but it fails. Means bears are more powerful we can see the bear is having power in second last image.
As I Said In My Weekly Report Breaking Of 1295.10 Is Detrimental For Gold.
If xauusd is goes below weekly and monthly SAR level major weakness will come,Below Daily SAR level minor weakness 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 break 1311.63/1313.96 then may some strength will come.
Negative:-If XAU/USD is unable to break 1311.63/1313.96 then we can see some downside targets like 1304.08/1301.75
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For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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