In last session we witness some fall in gold prices,Check third chart which is showing the trendline resistance on short term chart.
Weekly Trend is showing some downside and after that one bounce in gold prices.(Check Weekly NEo Wave Report)
Today also i am expecting more fall in gold prices,1189.81/1192.75 are two important resistance levels and expecting targets like 1177.15/1174.21 and more.
Daily Demand/Supply Levels::
Demand Area::1175.25-1173.39
Supply Area::1195.76-1192.30(Find Short term selling opportunity in this range)
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 near 4hourly SAR level so minor strength will come,but major trend is till down beacuse prices are below Daily,Weekly And Monthly SAR levels.
(For SAR levels Check Last Image)
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Thank You.
Happy Disciplined Trading.
Weekly Trend is showing some downside and after that one bounce in gold prices.(Check Weekly NEo Wave Report)
Today also i am expecting more fall in gold prices,1189.81/1192.75 are two important resistance levels and expecting targets like 1177.15/1174.21 and more.
Daily Demand/Supply Levels::
Demand Area::1175.25-1173.39
Supply Area::1195.76-1192.30(Find Short term selling opportunity in this range)
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 near 4hourly SAR level so minor strength will come,but major trend is till down beacuse prices are below Daily,Weekly And Monthly SAR levels.
(For SAR levels Check Last Image)
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Thank You.
Happy Disciplined Trading.
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