Monday, 15 December 2014

XAUUSD Daily NEo Wave Plot (16/12/2014)

As i have projected in my weekly report gold prices will fall till targets 1181.66/1165 in this week and we witness the fall in gold prices in last session.
Read my Weekly NEo Wave Plot.
In last session we witness some sideways move in first few hours and then we witenss the fall in gold prices.
Today also i am expecting fall in gold prices till 1179.43,If broken given level then we can see 1165 within next 2 sessions.
Gold prices are below all important moving averages as well as below Weekly and Daily Pivot levels so weakness is there.
In last session gold prices are broken Weekly and Daily SAR level so short term weakness is there.
Gold prices are below Monthly SAR level from last few months so major term trend is also down.
(For SAR Level Check Last Image)



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