What a selloff we witness in last session, Its impulsive in nature.Check first chart as well as check Essential Construction Rules Of Impulse.
Its not intraday report we can say its short term report for 2-3 weeks.Impulse means its detrimental for upside there is very limited upside we can say only 38.2 % or 61.8% of entire impulse.
It can go above 61.8% only if there is any larger pattern implication,Same degree pattern can't retrace entire impulse.
As i said if gold prices goes below 1264.24 then we have to say something complex pattern is forming.
For Short term (Means 1-2 weeks) 1271.85/1277.85 are short term major resistance.Upside is possible only if goes above given levels otherwise I am looking for 1180 and more targets in gold prices.
Till below Monthly SAR level weakness is there above major trend may change.
Above Weekly,Daily and 4 Hourly SAR level Some minor strength will come.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
So Overall Sell On Every Rise Should Be Respected.
--------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
Its not intraday report we can say its short term report for 2-3 weeks.Impulse means its detrimental for upside there is very limited upside we can say only 38.2 % or 61.8% of entire impulse.
It can go above 61.8% only if there is any larger pattern implication,Same degree pattern can't retrace entire impulse.
As i said if gold prices goes below 1264.24 then we have to say something complex pattern is forming.
For Short term (Means 1-2 weeks) 1271.85/1277.85 are short term major resistance.Upside is possible only if goes above given levels otherwise I am looking for 1180 and more targets in gold prices.
Till below Monthly SAR level weakness is there above major trend may change.
Above Weekly,Daily and 4 Hourly SAR level Some minor strength will come.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
So Overall Sell On Every Rise Should Be Respected.
--------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com
For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
No comments:
Post a Comment