As i told in my weekly neo wave report some upside is possible in this week,and in last session we witness some upside.
Check Weekly NEo Wave Plot
NEo Wave Logic For Day-
Somthing compex corrective action is going on it may be double zigzag or triple zigzag.We will get the post pattern implication of this patter.Which is 80% retracement of entire pattern.Open a sell position when trendline break given in first image.
For today 1213.66 is important resistance level,Initiate the sell position when trendline will break given in first chart,Which may leads targets like 1184.30/1177.56 and more.This statment will get invalid if gold breaks 1213.66-1215.01
Demand Area::1210.68-1203.11
Supply Area::1152.96-1150.61
Gold prices are above some important moving averages as well as pivot levels so minor strength is there.
Gold prices are above Daily and 4Hourly SAR levels so minor strength is there,Till gold prices are below Weekly and Monthly SAR level Major trend is till down.
(For SAR level Check Last Image)
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Thank You.
Happy Disciplined Trading.
Check Weekly NEo Wave Plot
NEo Wave Logic For Day-
Somthing compex corrective action is going on it may be double zigzag or triple zigzag.We will get the post pattern implication of this patter.Which is 80% retracement of entire pattern.Open a sell position when trendline break given in first image.
For today 1213.66 is important resistance level,Initiate the sell position when trendline will break given in first chart,Which may leads targets like 1184.30/1177.56 and more.This statment will get invalid if gold breaks 1213.66-1215.01
Demand Area::1210.68-1203.11
Supply Area::1152.96-1150.61
Gold prices are above some important moving averages as well as pivot levels so minor strength is there.
Gold prices are above Daily and 4Hourly SAR levels so minor strength is there,Till gold prices are below Weekly and Monthly SAR level Major trend is till down.
(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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