XAUUSD Daily NEo Wave Plot (02/01/2014)

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Some sideways and downside move we witness in last session, I was expected some upside move but gold prices are not able to break given levels.

For today i am expecting some more down side move, 1193.28/1200.08 are two important resistance level and expecting targets like 1171.89/1165.09 and more.Above resistance level upside may possible.

Daily Demand-Supply Levels::

Demand Levels::1215.85-1232.70(Find Selling Opportunity Between This Level)

Supply Levels::1171.89-1165.09 

Gold prices are below some important moving averages as well as some pivot levels so short term weakness is there.

Gold prices are below All SAR Levels so Major weakness is there.

Above Daily And 4Hourly SAR level Minor strngth will come.

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