After the selloff we witness some sideways move in gold prices, It may be Wave-B of zigzag, Inside the Wave-B we may witnessing some complex pattern like diametric.
Always remember complex pattern/or more complexity comes before the extended wave. Means again we will witness more fall.
1277.85-1278.50 is important range for intraday, it may act as a major resistance, Upside is possible only above this range.Otherwise huge selloff possible.
In Bull-Bear power indicator we can see Bulls also loosing the control on prices and bears are more active.(Check Second Last Chart)
As gold prices below weekly and monthly SAR levels weakness is there, above that major strength will come.
Above Daily SAR level minor strength will come.
below 4hourly SAR level Minor weakness will come.
(For SAR Level's Check Last Image,For Latest Hourly SAR Level Check On Facebook)
--------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
Always remember complex pattern/or more complexity comes before the extended wave. Means again we will witness more fall.
1277.85-1278.50 is important range for intraday, it may act as a major resistance, Upside is possible only above this range.Otherwise huge selloff possible.
In Bull-Bear power indicator we can see Bulls also loosing the control on prices and bears are more active.(Check Second Last Chart)
As gold prices below weekly and monthly SAR levels weakness is there, above that major strength will come.
Above Daily SAR level minor strength will come.
below 4hourly SAR level Minor weakness will come.
(For SAR Level's Check Last Image,For Latest Hourly SAR Level Check On Facebook)
--------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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