XAUUSD Weekly NEo Wave Plot (02/03/2015)

In last week first 2 days we witness new and after that as i expect bouce is come from previous weekly demand zone.And i also told last week is very important for setting the trend for 2-4 weeks and we witness the upside moves.(Check last image)
Uptrend will continue till price never break 1188.22
Check Last Weekly Report

NEo Wave Logic For Week::

• We are witness the Expanding Trianguler move in gold price from last 2/3 months.
• After i have given :L3 label at top we witness the fall in gold price.
• The fall from 1307.65 to 1197.65 takes 10 Time Unit means,Fall takes 5 Weeks.
• The fall from 1307.65 to 1190.41,in last week i have given impulsive label to all this fall but in last week witness the price below the 1221 thats why we have to go with the alternative label.
• So what is my alternative label?? Till today its Double Zigzag,Or we can say double corrective pattern.
• Now there are two possiblitys either we are in X-Wave and another one corrective pattern will come.or we will get the post pattern implication of zigzag.
• Zigzag patterns post pattern implication is 80% of entire fall which may leads target above 1300
• We have to consider X-Wave only when given close below last weekly low or below 1188.20
• For this week my preffered scenario is,We will get the post pattern implication of Double Zigzag,
• Why Its Preffered Scenario???? There is two reasons for this If my larger count of Expanding Triangle is correct then we will never break the low of Wave-E Which is 1167.48 and another one reason is there is trendline support as well as Demand zone near 1191.22

 So for this week 1188.22 is important level if price given close below this level then we can see the another corrective pattern and if not then price will continue uptrend.
Uptrend which may leads targets like 1239.67/1265.63/1285.65 and more.
Monthly SAR level is updated,Above more strength will come.

Demand-Supply Zone::
In last week we witness the fast rise from weekly demand zone and its very faster move,and in last week we have witness lots of demand-supply zone respects.
Demand Zone::1194.73-1167.48
Supply Zone::1236.59-1227.51
If this demand zone break then i will update next demand zone on my Facebook page you can get link of facebook page at downside of this report.

Gold price is above three important key moving averages as well as pivot levels so minor weakness is there.More strength will come above all moving averages.
Gold price is above Daily and 4 Hourly SAR level ,So minor strength is there,above Weekly and Monthly SAR level more strength will come.
(For SAR level check last image)
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