We witness the sideways with some upside bias move in gold price,As weekly trend is up.
Check Weekly NEo Wave Plot
In last session i have given one range which is not broken in last session,Today also i will suggest initiate the buy position only above 1286.20 and sell position below 1250.34
For today 1258.59/1254.05 are two important supporting levels and i am expectiong targets like 1273.62/1278.16 and more.
We can see the trendline resistance on 4hourly chart.One can initiate buy above the trendline.
Demand-Supply Zone::
Demand::1262.41-1255.32
Supply::1282.59-1279.03
Gold price is above all important key moving averages as well as pivot levels,so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,so short term strength is there.Below that levels minor weakness will come.
(For SAR level Check last image)
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Thank You.
Happy Disciplined Trading.
Check Weekly NEo Wave Plot
In last session i have given one range which is not broken in last session,Today also i will suggest initiate the buy position only above 1286.20 and sell position below 1250.34
For today 1258.59/1254.05 are two important supporting levels and i am expectiong targets like 1273.62/1278.16 and more.
We can see the trendline resistance on 4hourly chart.One can initiate buy above the trendline.
Demand-Supply Zone::
Demand::1262.41-1255.32
Supply::1282.59-1279.03
Gold price is above all important key moving averages as well as pivot levels,so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,so short term strength is there.Below that levels minor weakness will come.
(For SAR level Check last image)
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For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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