In last session we witness the fall in gold prices,After breaking 1215.77 we witness the faster fall in price,I hope everyone earn money after breaking given level.(Check last image)
As weekly trend is changed,Check Weekly NEo Wave Plot
In last session we witness the breakout of contraction happend in lower time frame NEo Wave chart,Also we witness the breakout of important demand zone.
For today 1215.62/1223.50 are two important resistance levels and i am expecting targets like 1191.11/1183.23 and more.
Expanding Triangles lower trendline may act as imprtant supporting level for further upside.
Demand-Supply Zone::
In last session we witness the price broken weekly important demand zone.
I have updated weekly next demand zone,For that please check fifth chart.
Demand Zone::1194.73-1167.48
Supply Zone:: 1236.59-1227.50
Gold price is below all important moving averages as well as pivot levels so major weakness is there.
Gold price is below all SAR levels so short term weakness is there,Above Daily and 4hourly SAR level minor strength will come.
(For SAR level check second last image)
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Thank You.
Happy Disciplined Trading.
As weekly trend is changed,Check Weekly NEo Wave Plot
In last session we witness the breakout of contraction happend in lower time frame NEo Wave chart,Also we witness the breakout of important demand zone.
For today 1215.62/1223.50 are two important resistance levels and i am expecting targets like 1191.11/1183.23 and more.
Expanding Triangles lower trendline may act as imprtant supporting level for further upside.
Demand-Supply Zone::
In last session we witness the price broken weekly important demand zone.
I have updated weekly next demand zone,For that please check fifth chart.
Demand Zone::1194.73-1167.48
Supply Zone:: 1236.59-1227.50
Gold price is below all important moving averages as well as pivot levels so major weakness is there.
Gold price is below all SAR levels so short term weakness is there,Above Daily and 4hourly SAR level minor strength will come.
(For SAR level check second last image)
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For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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