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In last session we witness some sideways and downside moves in gold prices.As i told in my last session's report we are witnessing some post pattern implication of triple zigzag pattern.
In last session trendline breakout is done but we didnot get an sharp fall in gold prices,means that pattern is till not completed.
For today below 1205.39 i am expecting more fall in gold prices which may leads targets like 1188.57/1180.42 and more.This statment is invalid above 1223.20
Trandline resistance on daily chart(Check Second Image)
Demand-Supply Levels-
Supply Level::1224.59-1238.14
Demand Level::1152.96-1150.61
Gold price is above some important moving averages as well as some pivot levels so minor strength is there.
Gold is below 4Hourly SAR level so minor weakness is there.Below Weekly and Daily SAR level Major weakness will come.
(For SAR level Check Last Image)
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Thank You.
Happy Disciplined Trading.
Thank You.
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In last session we witness some sideways and downside moves in gold prices.As i told in my last session's report we are witnessing some post pattern implication of triple zigzag pattern.
In last session trendline breakout is done but we didnot get an sharp fall in gold prices,means that pattern is till not completed.
For today below 1205.39 i am expecting more fall in gold prices which may leads targets like 1188.57/1180.42 and more.This statment is invalid above 1223.20
Trandline resistance on daily chart(Check Second Image)
Demand-Supply Levels-
Supply Level::1224.59-1238.14
Demand Level::1152.96-1150.61
Gold price is above some important moving averages as well as some pivot levels so minor strength is there.
Gold is below 4Hourly SAR level so minor weakness is there.Below Weekly and Daily SAR level Major weakness will come.
(For SAR level Check Last Image)
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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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