In last session we witness the fall in gold prices,It may be Wave-G of an Bow-Tie Diametric.
It broken all weekly supporting levels,But it shows the respect to one supply zone on daily chart we can see in forth chart exact reversal from supply level,this chart is given in my weekly neo wave report.
For today NEo logic is either we will get the post pattern implication of zigzag or we will get an another zigzag as complex correction.(Check First Chart)
For today 1268.92/1280.32 are two important resistance levels,i will suggest to intiate the buy position only above this two levels.(Preferred scenario)
If price broken 1250.22 then one can intiate the sell position for targets like 1234.69/1223.29 and more.(Alternative Scenario)
Demand-Supply Levels::
Demand::1244.26-1224.92(Its daily Strong Demand zone)
Supply::1319.25-1308.64 (Price respect this supply zone)
Gold price is below two impotant moving averages and pivot levels so minor weakness is there.
Gold price is below Daily and 4hourly SAR level so short term weakness is there,above Daily SAR level strength will come.
(For SAR Level Check last image)
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Thank You.
Happy Disciplined Trading.
It broken all weekly supporting levels,But it shows the respect to one supply zone on daily chart we can see in forth chart exact reversal from supply level,this chart is given in my weekly neo wave report.
For today NEo logic is either we will get the post pattern implication of zigzag or we will get an another zigzag as complex correction.(Check First Chart)
For today 1268.92/1280.32 are two important resistance levels,i will suggest to intiate the buy position only above this two levels.(Preferred scenario)
If price broken 1250.22 then one can intiate the sell position for targets like 1234.69/1223.29 and more.(Alternative Scenario)
Demand-Supply Levels::
Demand::1244.26-1224.92(Its daily Strong Demand zone)
Supply::1319.25-1308.64 (Price respect this supply zone)
Gold price is below two impotant moving averages and pivot levels so minor weakness is there.
Gold price is below Daily and 4hourly SAR level so short term weakness is there,above Daily SAR level strength will come.
(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
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Thank You.
Happy Disciplined Trading.
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