In last session first few hours we witness the upside move and after that price broken on supply zone and move higher and after that price resist at next supply zone and we witness the fall in price.
After the breaking of supply zone i have updated next supply zone in my facebook page,And we witness the exact reversal from that zone.(For facebook page Click Here)
Weekly trend is till up,Check Weekly NEo Wave Plot
For today 1201.10/1196.66 are two very important supporting levels and i am expecting upside targets for intraday like 1226.55/1230.99 and more,Below this levels minor weakness may come. (Check first chart)
As per weekly report 1188.22 is very important level,below that level(Closing basis) major trend may change.
We can see the trendline support on 4hourly chart,And on daily chart.
Demand-Supply Zone::
We have seen the exect price reversal from weekly supply zone,and in last session also we witness the price reversal from supply zone.This current supply zone also may break,If break i will update on my facebook page.
Demand Zone::1202.41-1200.99/1200.24-1199.61
Supply Zone::1220.77-1219.41
Gold price is above one moving average and below all remain important moving averages as well as pivot levels so minor weakness is till there.
Gold price is below Daily,Weekly and Monthly SAR levels and above 4hourly SAR level so minor weakness is till there.
Above Daily and Weekly SAR level more strength will come.
(For SAR level check last image)
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Thank You.
Happy Disciplined Trading.
After the breaking of supply zone i have updated next supply zone in my facebook page,And we witness the exact reversal from that zone.(For facebook page Click Here)
Weekly trend is till up,Check Weekly NEo Wave Plot
For today 1201.10/1196.66 are two very important supporting levels and i am expecting upside targets for intraday like 1226.55/1230.99 and more,Below this levels minor weakness may come. (Check first chart)
As per weekly report 1188.22 is very important level,below that level(Closing basis) major trend may change.
We can see the trendline support on 4hourly chart,And on daily chart.
Demand-Supply Zone::
We have seen the exect price reversal from weekly supply zone,and in last session also we witness the price reversal from supply zone.This current supply zone also may break,If break i will update on my facebook page.
Demand Zone::1202.41-1200.99/1200.24-1199.61
Supply Zone::1220.77-1219.41
Gold price is above one moving average and below all remain important moving averages as well as pivot levels so minor weakness is till there.
Gold price is below Daily,Weekly and Monthly SAR levels and above 4hourly SAR level so minor weakness is till there.
Above Daily and Weekly SAR level more 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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