XAU/USD Daily NEo Wave Plot(3.04.2014)

INITIAL WATCH:-

Positive:- If XAU/USD will prove good to go above 1299.27 then we can see 1304/1306.

Negative:-If XAU/USD is not able to go above 1299.27 then 4hr SAR short term reversal possible                   below 1288.26.

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.

Irregular failure flat is come after Diamond Shaped Diametric.

PREFFERD STRUCTURE :- “Irregular Failure Flat”

Minor Degree Wave (a) :-

1289.20(27.3.2014) to 1298.72(28.3.2014)=9.52pts (2DTU).

Minor Degree Wave (b):-

                                                1298.72(28.3.14) to 1285.70(28.3.14)=13.02pts (2DTU).

Minor Degree Wave (c):-

                                                1285.70(28.3.2014) to 1298.57(31.3.2014)=12.87pts(2DTU).

Ø  For Deciding Next label’s need more price action.

Thank You.

Happy Disciplined Trading!!