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XAU/USD Weekly Technical Analysis from 25-29 June 2018

XAU/USD Weekly Technical Analysis from 25-29 June 2018
Instrument XAU/USD
Time Frame D1
Trending Down move and lower uptrend line has been broken down,
200 DMA Prices have been broken down the 200 DMA and trading faraway now
MACD Lower zone and losing up momentum
Pivot Point prices are trading below PP and S2 was broken down
Elliot Wave Type  Corrective in large degree, E leg is formed and near to end
Swing Type Lower high and prices are pushing downwardly; Lower lows is formed
Price action  Pin bar identified but in weak mode
Notes Short at any resistance zone. Target to 1250,xx
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