As i told in my last weekly report i was expected fall in gold prices, and we witness some downside targets but not meet my final target for week.And we can see exact resistance was given in my weekly report.
(Check last image or Check Last Weekly Report )
For this week i am expecting some upside which will lead the targets like 1240.20 and more.But if break 1165.01 then we can see more downside.
NEo Wave Logic:-
There is two possiblites are there for this week-
1) Either we will get an post pattern implication of zigzag,and this may be the one leg of the expanding triangle.
2) Or we will get Wave-X and we will get another one corrective pattern,pattern may be zigzag or triangle. And we will witness more fall in gold prices.
Second possiblity is possible if gold prices breaks 1165.01 otherwise first scenario is prefferd
(Check First Chart)
Weekly Demand-Supply Zone-
1255.47-1245.27 is very strong Supply Zone.Expecting Fall from that levels.
1149.55-1138.06 is Weak Demand Zone.
(Check Forth Chart)
Daily Demand-Supply Zone:-
Demand Zone::1187.75-1185.35
Supply Zone::1203.30-1196.03
(Check Fifth Chart)
As gold prices are below some important moving averages as well some pivot levels so short term weakness is there.
As gold prices are above 4Hourly SAR level so minor strength is there,Major trend is till downs because gold prices are below Daily,Weekly And Monthly SAR levels.
(For SAR levels Check Second Last Image)
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Thank You.
Happy Disciplined Trading.
(Check last image or Check Last Weekly Report )
For this week i am expecting some upside which will lead the targets like 1240.20 and more.But if break 1165.01 then we can see more downside.
NEo Wave Logic:-
There is two possiblites are there for this week-
1) Either we will get an post pattern implication of zigzag,and this may be the one leg of the expanding triangle.
2) Or we will get Wave-X and we will get another one corrective pattern,pattern may be zigzag or triangle. And we will witness more fall in gold prices.
Second possiblity is possible if gold prices breaks 1165.01 otherwise first scenario is prefferd
(Check First Chart)
Weekly Demand-Supply Zone-
1255.47-1245.27 is very strong Supply Zone.Expecting Fall from that levels.
1149.55-1138.06 is Weak Demand Zone.
(Check Forth Chart)
Daily Demand-Supply Zone:-
Demand Zone::1187.75-1185.35
Supply Zone::1203.30-1196.03
(Check Fifth Chart)
As gold prices are below some important moving averages as well some pivot levels so short term weakness is there.
As gold prices are above 4Hourly SAR level so minor strength is there,Major trend is till downs because gold prices are below Daily,Weekly And Monthly SAR levels.
(For SAR levels Check Second 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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