In last session we witness some sideways move with positive bias.As weekly trend is till up.
Check Weekly NEo Wave Plot
In last session's report i have given demand-supply zone for the day and we witness the exact move in this range,We witness the fall from supply zone and again we witness the upside from demand zone. Price always move from valid demand-supply zone.
For today also 1188.90 is important level because till today we have never seen any impulsive move in price.Below this level one can initiate the positional sell otherwise one can hold the buy for expected weekly target 1239.67/1265.63/1285.65 and more.(Check first chart)
We can see the support is taken from lower trendline on daily chart and also we can see the upper trendline breakout in 4hourly chart.(Check third and forth chart)
Demand-Supply Zone::
We have seen the exact price reversal from weekly demand zone,as well as last session is the perfect example for demand -supply zone.
One can compare last session's report demand-supply chart to todays demand-supply chart.
For today demand-supply zone is same above and below one can initiat the position,after breaking any zone i will update next important zone on my facebook page.One can get the link of my facebook page below this report.
Gold price is below four key moving averages and above one important moving average as well as below all pivot levels so minor weakness is there.
Gold price is below Daily,Weekly and Monthly SAR level and above 4Hourly SAR level so minor weakness is till there,above daily SAR level strength 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's report i have given demand-supply zone for the day and we witness the exact move in this range,We witness the fall from supply zone and again we witness the upside from demand zone. Price always move from valid demand-supply zone.
For today also 1188.90 is important level because till today we have never seen any impulsive move in price.Below this level one can initiate the positional sell otherwise one can hold the buy for expected weekly target 1239.67/1265.63/1285.65 and more.(Check first chart)
We can see the support is taken from lower trendline on daily chart and also we can see the upper trendline breakout in 4hourly chart.(Check third and forth chart)
Demand-Supply Zone::
We have seen the exact price reversal from weekly demand zone,as well as last session is the perfect example for demand -supply zone.
One can compare last session's report demand-supply chart to todays demand-supply chart.
For today demand-supply zone is same above and below one can initiat the position,after breaking any zone i will update next important zone on my facebook page.One can get the link of my facebook page below this report.
Gold price is below four key moving averages and above one important moving average as well as below all pivot levels so minor weakness is there.
Gold price is below Daily,Weekly and Monthly SAR level and above 4Hourly SAR level so minor weakness is till 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
For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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