After The Breaking Of Weekly Trendline(Check Last Image) I Was Told Next Few Week's We Have To Witness Selloff In Gold.From Last 2 Week's We Are Witnessing Fall In Gold Prices.This Downtrend Will Continue In This Week Also.
Wave-B And Wave-C Of Zigzag We Are Going To Witness In This Week, So Sell On Rise Should Be Respected.
If XAU/USD Is Break Or Touch The 1312.07 (Last Week High) Then We Have To Consider Alternative Scenario Which Is Flat(I Will Update About Alternative Scenario On Facebook).
Normal Weekly Candlestick Chart Is Showing Some Triangular behavior.
Monthly SAR Value Changed Dramatically,If XAU/USD Is Going Below Monthly SAR Value As Well As Weekly SAR Value Then Major Trend May Change.
If Market Breaks The Last Week Low 1280.06 Then Weakness Will Come.
If Market Goes Above Daily SAR Level Then Only Some Strength 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 Break 1299.51/1312.07 Then We Can See Some Upside, Above Daily SAR Level Minor Strength Will Come.
Negative:-If XAU/USD Is Not Able To Break 1299.51/1312.07 Then We Can See The Target's Like 1267.50,Below Monthly/Weekly SAR Level More Weakness Will Come.
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Thank You.
Happy Disciplined Trading.
Wave-B And Wave-C Of Zigzag We Are Going To Witness In This Week, So Sell On Rise Should Be Respected.
If XAU/USD Is Break Or Touch The 1312.07 (Last Week High) Then We Have To Consider Alternative Scenario Which Is Flat(I Will Update About Alternative Scenario On Facebook).
Normal Weekly Candlestick Chart Is Showing Some Triangular behavior.
Monthly SAR Value Changed Dramatically,If XAU/USD Is Going Below Monthly SAR Value As Well As Weekly SAR Value Then Major Trend May Change.
If Market Breaks The Last Week Low 1280.06 Then Weakness Will Come.
If Market Goes Above Daily SAR Level Then Only Some Strength 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 Break 1299.51/1312.07 Then We Can See Some Upside, Above Daily SAR Level Minor Strength Will Come.
Negative:-If XAU/USD Is Not Able To Break 1299.51/1312.07 Then We Can See The Target's Like 1267.50,Below Monthly/Weekly SAR Level More Weakness Will Come.
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For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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