In last session we witness the fall in gold price,Price reverse from exact daily supply zone which is posted on facebook page.
But from last few hours we can see the bounce in price,I hope every one remmember the this Weekly Demand Zone.
Check Weekly NEo Wave Plot
For today also 1188.22 is very important level,Closing basis below this level one can get the good selling opportunity otherwise one can hold the buy position for expected weekly target above 1250 and more.
After the breaking of trendline we have seen the sideways move in 4hourly NEo wave chart,We never get an some impulsive move to shift there,thats why i am considering 1188.22 from last two weeks.
We can see the best trendline support on daily chart.
Demand-Supply Zone::
From last hours we have seen the faster bounce in gold price,This bounce is come from exact weekly demand zone.
Demand Zone::1199.18-1195.28
Supply Zone::1217.08-1219.49
If this zone breaks then i will update on my facebook page.
Gold price is below all key moving averages as well as pivot levels so minor weakness is there.
Gold price is below all SAR levels,So major weakness is there,Above Daily and Hourly SAR level more strength will come.
(For SAR level Check last image)
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Thank You.
Happy Disciplined Trading.
But from last few hours we can see the bounce in price,I hope every one remmember the this Weekly Demand Zone.
Check Weekly NEo Wave Plot
For today also 1188.22 is very important level,Closing basis below this level one can get the good selling opportunity otherwise one can hold the buy position for expected weekly target above 1250 and more.
After the breaking of trendline we have seen the sideways move in 4hourly NEo wave chart,We never get an some impulsive move to shift there,thats why i am considering 1188.22 from last two weeks.
We can see the best trendline support on daily chart.
Demand-Supply Zone::
From last hours we have seen the faster bounce in gold price,This bounce is come from exact weekly demand zone.
Demand Zone::1199.18-1195.28
Supply Zone::1217.08-1219.49
If this zone breaks then i will update on my facebook page.
Gold price is below all key moving averages as well as pivot levels so minor weakness is there.
Gold price is below all SAR levels,So major weakness is there,Above Daily and Hourly 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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