In last session we witness sideways move with some negative bias,but price is unable to break 1221.32
Weekly trend is till up Check Weekly NEo Wave Plot.
In last session if we look at lower time frame chart we can see the Wave-A and Wave-B of Flat is done. As we are in expanding triangle need not to break low of last leg at list for few months.
From last two sessions we are in the weekly demand zone range,but till we have never get an faster moves which reduce the importance of any demand zone.For confirmation we need the fast upmove in price.
For today also i will suggest to initiate the sell position only when price breaks 1221.32 and able to give the close below that level,Otherwise hold the buy for long term upside targets.
We can see the trendline resistance on 4hourly chart,one can add the buy position after breaking trendline.
Demand-Supply Zone::
from two session we are trading in demand zone.
Demand Zone::1244.26-1224.92 / 1216..46-1204.58
Supply Zone::1319.46-1308.64
Gold price is below all key moving averages as well as pivot levels so major weakness is there.
Gold price is above weekly SAR level ,and below monthly,daily,and 4hourly SAR level so major weakness is there.
Above Daily and 4Hourly SAR level more strength will come.
(For SAR level check last image)
--------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
Weekly trend is till up Check Weekly NEo Wave Plot.
In last session if we look at lower time frame chart we can see the Wave-A and Wave-B of Flat is done. As we are in expanding triangle need not to break low of last leg at list for few months.
From last two sessions we are in the weekly demand zone range,but till we have never get an faster moves which reduce the importance of any demand zone.For confirmation we need the fast upmove in price.
For today also i will suggest to initiate the sell position only when price breaks 1221.32 and able to give the close below that level,Otherwise hold the buy for long term upside targets.
We can see the trendline resistance on 4hourly chart,one can add the buy position after breaking trendline.
Demand-Supply Zone::
from two session we are trading in demand zone.
Demand Zone::1244.26-1224.92 / 1216..46-1204.58
Supply Zone::1319.46-1308.64
Gold price is below all key moving averages as well as pivot levels so major weakness is there.
Gold price is above weekly SAR level ,and below monthly,daily,and 4hourly SAR level so major weakness is there.
Above Daily and 4Hourly SAR level more 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