Near Trendline after the consolidation of two weeks finally price breaks the very important lower trendline and we witness the free fall in price after the breaking of trendline,I hope all followers made money in this fall after 1188.22 breaks.(Check last Image)
Check Last Weekly NEo Wave Plot
NEo Logic For Week:
For This Week 1186.55/1200.56 are two very important resistance levels and i am expecting targets line 1141.18/1127.17 and more.Check Last Weekly NEo Wave Plot
NEo Logic For Week:
- As i have told in my last weekly report,There is the two possiblities possible in last week one is either more complex correcting or post pattern implication of double zigzag.
- To confirm which possibility is going on i have after the breaking of trendline more complex correction will come.
- And after the breaking trendline we witness the fall in gold price as a Wave-A of zigzag,Triangle,or Flat.
- From last two weeks we witness the Wave-X, Which very complex wave to detect.But after the last sessions fall i can say its X-Wave.
- Now in this week we may witness the Wave-b and Wave-c of zigzag,There is another two possiblities also open Either Flat or Triangle.
Above 1215.99 this statement may invalid.
We can see the trendline resistance on Weekly chart as well as hourly chart,One can only buy above one candle close above 4hourly chart.
Market Profile:
Daily- VAH-1215.86
VAL-1200.51
POC-1208.19
Weekly Resistance-1215.86/1266.69
(Check Forth Chart)
Hourly- VAH-1204.20
VAL-1199.28
POC-1201.78
Daily Resistance-1201.68/1215.09
(Check Fifth Chart)
Weekly Demand-Supply Zone::
In last seesion price break weekly demand zone and fall very badly.
Demand Zone::1149.46-1131.67
Supply Zone::1209.34-1196.33
If any zone breaks then i will update on my facebook page.
Gold price is below all SAR level as well as Pivot levels so major weakness is there.
Gold price is Below all SAR levels so major weakness is there,above Daily and 4Hourly SAR level minor strength may come.
(For SAR level check second last image)
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Happy Disciplined Trading.








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