As i said in my last weekly report fall is expected after one minor bounce, and we witness the same pattern (Check Last Image or Weekly Report).
In last session also i was said something complex part is going on which may be diametric,and here also we witness some, we witness the diametric and then we witness the fall after the breakout.
This week also we are going to witness another minor bounce and then some fall which may lead targets below 1180 and much more.
We can see some triangular activity breakout in simple weekly candlestick chart.
This week also sell on rise should be respected.
Bull-Bear indicator is also suggesting to hold the short position.
If XAU/USD Is Able To Break 1220.71/1231.45 Then Only Some Upside Possible Otherwise We Will Witness Some Downside Targets Like 1197.41/1186.68 And Much More.
Gold prices are below some important weekly moving averages so short term weakness is there,as well as prices are also daily moving averages so intraday weakness is also there.
Above Weekly and Monthly SAR level major trend may change.
Above 4hr as well as Daily SAR level minor strength will come.
(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.
In last session also i was said something complex part is going on which may be diametric,and here also we witness some, we witness the diametric and then we witness the fall after the breakout.
This week also we are going to witness another minor bounce and then some fall which may lead targets below 1180 and much more.
We can see some triangular activity breakout in simple weekly candlestick chart.
This week also sell on rise should be respected.
Bull-Bear indicator is also suggesting to hold the short position.
If XAU/USD Is Able To Break 1220.71/1231.45 Then Only Some Upside Possible Otherwise We Will Witness Some Downside Targets Like 1197.41/1186.68 And Much More.
Gold prices are below some important weekly moving averages so short term weakness is there,as well as prices are also daily moving averages so intraday weakness is also there.
Above Weekly and Monthly SAR level major trend may change.
Above 4hr as well as Daily SAR level minor strength will come.
(For SAR Level's Check Second Last Image,For Latest Hourly SAR Level Check On Facebook)
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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.
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