Monday, 22 December 2014

XAUUSD Daily NEo Wave Plot (23/12/2014)

As i have posted in my last sessions weekly report i am expecting fall till 1149.79 , and we witness the fall in last session.
Check Weekly Report.
Today also i am expecting some sideways move and some trending downside move.
1183.14/1190.82 are two important resistance levels and expected targets like 1157.91/1150.23 and more.
(Check First Chart)
 For Today-
Demand Zone : 1198.11-1194.74
Supply Zone : 1185.23-1169.46

Gold prices are below some important key moving averages as well as some important pivot levels,So short term weakness is there.
Gold prices are below all SAR level so medium term weakness is there.
Above Daily and 4Hourly SAR level minor Strength will come.
(For SAR Level Check Last Image)
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