In last session we witness some upside,which breaken given two resistance and unable to break third resistance and after that we witness some downside in gold prices.
Weekly trend is till suggesting downtrend intact.(Check Weekly NEo Wave Plot)
For Today 1201.89/1207.43/1216.67 are important resistance level and i am expecting downside targets like 1186.16/1180.62 and more till 1165.(Check First image)
Gold price are below some important moving as well as pivot levels so short term weakness is there.
Gold prices are below all SAR levels so medium term weakness is there.
If gold prices goes above daily and 4hourly SAR level minor strength will come,Above weekly SAR level short term strength will come.
(For SAR level Check Last Image)
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Thank You.
Happy Disciplined Trading.
Weekly trend is till suggesting downtrend intact.(Check Weekly NEo Wave Plot)
For Today 1201.89/1207.43/1216.67 are important resistance level and i am expecting downside targets like 1186.16/1180.62 and more till 1165.(Check First image)
Gold price are below some important moving as well as pivot levels so short term weakness is there.
Gold prices are below all SAR levels so medium term weakness is there.
If gold prices goes above daily and 4hourly SAR level minor strength will come,Above weekly SAR level short term strength will come.
(For SAR level Check Last Image)
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Thank You.
Happy Disciplined Trading.
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