Last session we witness some sideways moves in gold price,As per auction theory its Normal Day. First few hours we witness some sideways moves and after that we witenss upside in gold price.
Weekly trend is still up,Check Weekly NEo Wave Plot
We are very near to weekly as well as Daily Supply Zone,Partial profit booking must be done,Fresh long must be above Daily and Weekly Supply Zone.
As per NEo Wave We witness the double zigzag in gold price,Today either we will get another corrective pattern if high broken.And if price is not break last session high then we will get the post pattern implication of double zigzag.Which is 80% of entire pattern.
For today 1195.10 is very important level,One can buy above this level.
We can see the trendline on Daily NEo Wave Chart.(Check First Image) If trendline breaks then we will get the post pattern implication of double zigzag.
Chances of getting post pattern implication is more higher because we are very near to Supply Zone,So sell on rise is recommanded till weekly Demand Zone Breaks closing basis.
Market Profile:-
Hourly::
POC::1189.61
VAH::1192.46
VAL::1186.76
Demand-Supply Zone::
We are very near to weekly Supply Zone,Last time price taken turn from Weekly Demand Zone.
Demand Zone::1200.58-1197.64
Supply Zone::1145.85-1152.74
If any zone breaks then i will update on my facebook page.
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.
Weekly trend is still up,Check Weekly NEo Wave Plot
We are very near to weekly as well as Daily Supply Zone,Partial profit booking must be done,Fresh long must be above Daily and Weekly Supply Zone.
As per NEo Wave We witness the double zigzag in gold price,Today either we will get another corrective pattern if high broken.And if price is not break last session high then we will get the post pattern implication of double zigzag.Which is 80% of entire pattern.
For today 1195.10 is very important level,One can buy above this level.
We can see the trendline on Daily NEo Wave Chart.(Check First Image) If trendline breaks then we will get the post pattern implication of double zigzag.
Chances of getting post pattern implication is more higher because we are very near to Supply Zone,So sell on rise is recommanded till weekly Demand Zone Breaks closing basis.
Market Profile:-
Hourly::
POC::1189.61
VAH::1192.46
VAL::1186.76
Demand-Supply Zone::
We are very near to weekly Supply Zone,Last time price taken turn from Weekly Demand Zone.
Demand Zone::1200.58-1197.64
Supply Zone::1145.85-1152.74
If any zone breaks then i will update on my facebook page.
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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For Intraday Update-Facebook-----------------------------------------------------------------------------------------------------------------------------
Thank You.
Happy Disciplined Trading.
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