As i told in my last sessions report, i am expecting little bounce and then i am expecting fall, and same thing we witness in last session.I am expecting 1225.82 as a resistance and price resist at 1225.94 and after that we witness the fall.(Check last image or Click Here)
Larger pattern implication is there so short term trend is down, so sell on every rise should be respected.(My larger pattern count Click Here).
For today i am expecting two very important resistance 1220.70/1217.55, Above that minor strength will come,otherwise downtrend continue.One can use given levels for sell on rise.
As gold prices are below some important moving averages so short term weakness is there.
Also gold prices are below all SAR levels so its showing weakness.
Above 4hr as well as Daily SAR level minor strength will come.
Above Weekly and Monthly SAR level major trend may change.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
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Thank You.
Happy Disciplined Trading.
Larger pattern implication is there so short term trend is down, so sell on every rise should be respected.(My larger pattern count Click Here).
For today i am expecting two very important resistance 1220.70/1217.55, Above that minor strength will come,otherwise downtrend continue.One can use given levels for sell on rise.
As gold prices are below some important moving averages so short term weakness is there.
Also gold prices are below all SAR levels so its showing weakness.
Above 4hr as well as Daily SAR level minor strength will come.
Above Weekly and Monthly SAR level major trend may change.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
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Thank You.
Happy Disciplined Trading.
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