As per auction theory we witness the Normal Day.
First few hours we witness some sideways moves and after that we witness upside move in gold price.
Weekly trend is till up Check Weekly NEo Wave Plot
For today 1172.27/1158.20 are some important supporting levels and i am expecting short term targets like 1206.84/1221.05 and more.
We can see the trendline support in lower time frame NEo Wave chart.(Check Second Image),Below trendline closing basis minor weakness will come.
Market Profile:-
Daily-
POC-1169.64
VAH-1184.47
VAL-1154.82
Hourly-
POC-1182.80
VAH-1186.04
VAL- 1179.56
Demand-Supply Zone::
We witness the bounce from last weekly demand zone,Daily demand-supply zone is given below,if any zone breaks then i will update it on my facebook page.
Demand Zone::1145.85-1152.74
Supply Zone::1200.58-1197.64
Check Second last chart.
Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second last image)
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Thank You.
Happy Disciplined Trading.
First few hours we witness some sideways moves and after that we witness upside move in gold price.
Weekly trend is till up Check Weekly NEo Wave Plot
For today 1172.27/1158.20 are some important supporting levels and i am expecting short term targets like 1206.84/1221.05 and more.
We can see the trendline support in lower time frame NEo Wave chart.(Check Second Image),Below trendline closing basis minor weakness will come.
Market Profile:-
Daily-
POC-1169.64
VAH-1184.47
VAL-1154.82
Hourly-
POC-1182.80
VAH-1186.04
VAL- 1179.56
Demand-Supply Zone::
We witness the bounce from last weekly demand zone,Daily demand-supply zone is given below,if any zone breaks then i will update it on my facebook page.
Demand Zone::1145.85-1152.74
Supply Zone::1200.58-1197.64
Check Second last chart.
Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second 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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