In last session we witness the fall in gold price,After the few hour we witness the faster upside move in gold price.
Weekly trend is till up.(Check Weekly NEo Wave Plot)
This bounce comes from exact Weekly Demand Zone.
In daily simple candlestick chart we can see till today support is taken third time.
For today 1202.86/1195.11/1188.22 are some important supporting levels and i am expecting targets like 1229.21/1249.83 and more.
We can see the trendline support is there.
Below 1188.22 major trend may change.
Demand-Supply Zone::
In last session we witness the upside from exact weekly demand zone,After that price makes new demand and supply zone on lower time frame.
Demand Zone::1219.49-1217.22
Supply Zone:: 1199.18-1195.11
Gold price is below all key moving averages as well as pivot levels so minor weakness is there.
Gold price is below all SAR level,Minor trend will change above Daily and 4hourly SAR levels.
(For SAR level check last image)
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Thank You.
Happy Disciplined Trading.
Weekly trend is till up.(Check Weekly NEo Wave Plot)
This bounce comes from exact Weekly Demand Zone.
In daily simple candlestick chart we can see till today support is taken third time.
For today 1202.86/1195.11/1188.22 are some important supporting levels and i am expecting targets like 1229.21/1249.83 and more.
We can see the trendline support is there.
Below 1188.22 major trend may change.
Demand-Supply Zone::
In last session we witness the upside from exact weekly demand zone,After that price makes new demand and supply zone on lower time frame.
Demand Zone::1219.49-1217.22
Supply Zone:: 1199.18-1195.11
Gold price is below all key moving averages as well as pivot levels so minor weakness is there.
Gold price is below all SAR level,Minor trend will change above Daily and 4hourly SAR levels.
(For SAR level check last image)
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Thank You.
Happy Disciplined Trading.
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