In last session first few hours we witnss some upside gains and after few hour erase all gain and come with the larger pattern trend.
On Weekly NEo Wave Plot major trend is down (Read Weekly NEo Wave Plot)
For today 1201.27/1209.45 are important resistance levels,and i am expecting targets like 1173.44/1165.31 and more.
But i will intiate the sell position only below 1186.20 Which is near last sessions low.And i will intiate long position only above 1238.40 which is swing high.
Gold prices are below some important moving averages so short term weakness is there.
Gold prices are below 4hourly,Daily,Weekly,and Monthly SAR level so medium term weakness is there.
Above 4hourly And Daily SAR level minor strength will come.
(For SAR level Check Last image)
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Thank You.
Happy Disciplined Trading.
On Weekly NEo Wave Plot major trend is down (Read Weekly NEo Wave Plot)
For today 1201.27/1209.45 are important resistance levels,and i am expecting targets like 1173.44/1165.31 and more.
But i will intiate the sell position only below 1186.20 Which is near last sessions low.And i will intiate long position only above 1238.40 which is swing high.
Gold prices are below some important moving averages so short term weakness is there.
Gold prices are below 4hourly,Daily,Weekly,and Monthly SAR level so medium term weakness is there.
Above 4hourly And Daily SAR level minor strength will come.
(For SAR level Check Last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com
For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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