Monday 30 May 2016

XAU: Shorted



Sell conditions:

1. Failed to breakout
2. hit resistance on weekly chart
3.As per my Elliott count, (which I do not believe when experts put right from A-Z)
wave 5  has started  as it failed to hold support of 1210.
4. My Gann calculation 1046 sqrt 4 is 1320,but ended at 3.764 of 1303, however sqrt 4 is strong resistance.
5. XAU price is inverse of stockmarkets and international markets are now out of bearish sentiment.



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