XAU/USD Daily NEo Wave Plot(31.03.2014)-

PREFFERED STRUCTURE:- “Diamond Shaped Diametric”

           Minute Degree Wave (a) :-     “Normal Zig-Zag”

                                                                           1388.51(17.03.2014) to 1350.79(18.03.2014)=37.72pts/ 4TU.

            Minute Degree Wave (b) :-     Monowave

                                                         1350.79(18.03.2014) to 1359.72(19.03.2014)=8.93pts/2TU.

          Minute Degree Wave (c)  :-  “Normal Zig-Zag”

                                                                           1359.72(19.03.2014) to 1320.34(20.03.2014)=39.38pts/4TU.

            Minute Degree Wave (d) :-    Monowave

                                                                          1320.34(20.03.2014) to 1342.40(21.03.2014)=22.06pts/3TU.

            Minute Degree Wave (e) :-    Monowave

                                                                           1342.40(21.03.2014) to 1307.93(24.03.2014)=34.47pts/3TU.

            Minute Degree Wave (f) :-     “Irregular Failure Flat”

                                                                           1307.93(24.03.2014) to 1316.36(26.03.2014)=8.83pts/4TU.

            Minute Degree Wave (g) :-    “Normal Zig-Zag”

                                                                          1316.36(26.03.2014) to 1289.2(27.03.2014)=27.16/4TU.

Ø  When we are witnessing Diamond Shaped Diametric or Bow Tie Diametric the general rule is most wave segment tends towards equality in time but are different in price.

Ø  And Pricewise wave G has relationship of equality of Fibonacci ratio of 61.8 with wave A.

Ø  In our  Diamond shaped diametric wave (a) is taken 4 TU for 37.72pts and wave (g) is taken 4TU for 27.16 pts which is approximately equal timewise and pricewise related with 61.8.

INITIAL WATCH:-

Market can prove negative if XAU/USD will fail to hold 1298.72-1302.50 . Level can move down towards lower          levels of 1289.2