In last session we witness some sideways moves with upside bias,as weekly trend is till up.
Check Weekly NEo Wave Plot
For today i am expecting upside move till price is above 1215.77,below this level i am expecting some downside move in gold price.
Preffered structure is showing upside targets and alternative structure showing some downside moves.
Preffered structure is showing post pattern implication of impulsive pattern and alternative structure is showing Wave-X and one more corrective structure.(Check first chart)
We can see some trendline resistance on lower time frame NEo Wave chart.(Check second chart)
We can also see some contracting bias on simple 4hourly candlestick chart.(Check forth chart)
Demand-Supply Zone::
Demand Zone::1216.45-1204.58
Supply Zone::1245.87-1243.58
Gold price is below all key moving averages as well as pivot levels,so minor weakness is there.
Gold price is also below all SAR levels so major weakness is there,Above Daily and 4Hourly SAR level minor strength will come.
(For SAR level check last image)
--------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
Check Weekly NEo Wave Plot
For today i am expecting upside move till price is above 1215.77,below this level i am expecting some downside move in gold price.
Preffered structure is showing upside targets and alternative structure showing some downside moves.
Preffered structure is showing post pattern implication of impulsive pattern and alternative structure is showing Wave-X and one more corrective structure.(Check first chart)
We can see some trendline resistance on lower time frame NEo Wave chart.(Check second chart)
We can also see some contracting bias on simple 4hourly candlestick chart.(Check forth chart)
Demand-Supply Zone::
Demand Zone::1216.45-1204.58
Supply Zone::1245.87-1243.58
Gold price is below all key moving averages as well as pivot levels,so minor weakness is there.
Gold price is also below all SAR levels so major weakness is there,Above Daily and 4Hourly SAR level minor strength will come.
(For SAR level check last image)
--------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
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.
No comments:
Post a Comment