I have formed one google group for disscussion regarding trading
strategies as well as circulating some intresting e-books.To join my
group enter your e-mail id's in comment box or mail me your e-mail
address in neoxauusd@gmail.com.
Thank You.
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In last session we witness some upside in gold prices,As i told in my weekly report trend is up.
Check Weekly NEo Wave Plot
As per neo logic we are witness the last leg of expanding triangle,Today i will post all details about expanding triangle in my google group,to join check first sections details.
For today 1227.54/1219.55 are important support levels and i am expecting weekly targets 1245.14/1258.38
We can see on daily chart trendline is broken.(Check second chart)
Daily Demand-Supply ::
From last session we witness the gold price is not respecting supply levels,continuesly 2 supply levels are broken so up trend is intect.
Supply Level::1249.65-1253.66
Demand Level::1152.96-1150.61
Gold price is above some imoprtant moving averages as well as pivot levels so minor strength is there.
Gold price is above Weekly,Daily and 4Hourly SAR levels so short term strength is there.
Below 4Hourly SAR level intraday minor weakness will come.
Till major trend is down above monthly SAR level trend may change.
(For SAR level check last image)
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Thank You.
Happy Disciplined Trading.
Thank You.
------------------------------------------------------------------------------------------------------------------
In last session we witness some upside in gold prices,As i told in my weekly report trend is up.
Check Weekly NEo Wave Plot
As per neo logic we are witness the last leg of expanding triangle,Today i will post all details about expanding triangle in my google group,to join check first sections details.
For today 1227.54/1219.55 are important support levels and i am expecting weekly targets 1245.14/1258.38
We can see on daily chart trendline is broken.(Check second chart)
Daily Demand-Supply ::
From last session we witness the gold price is not respecting supply levels,continuesly 2 supply levels are broken so up trend is intect.
Supply Level::1249.65-1253.66
Demand Level::1152.96-1150.61
Gold price is above some imoprtant moving averages as well as pivot levels so minor strength is there.
Gold price is above Weekly,Daily and 4Hourly SAR levels so short term strength is there.
Below 4Hourly SAR level intraday minor weakness will come.
Till major trend is down above monthly SAR level trend may change.
(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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