XAUUSD Weekly NEo Wave Plot (30/03/2015)

As per auction theory we witness the Normal Week with some positive bias.Learn more about Normal Day/Week.
As per NEo Wave as i told in my last weekly report we witness the Wave-B and Wave-C of Zigzag.
In last weekly report given targets are achived and price reverse from last weekly Supply Zone.
Check Last Image.
Check Last Weekly Report

NEo Logic For Week:-

• In larger pattern we are witnessing Expanding Triangle.
• After making high of 1307.47 price fall till last week,Last week made one new low and after that price reversal come.
• From the 1307.47 we witness the Double zigzag / Double correction patter.
• In last week we witness the Wave-B and Wave-C Of zigzag.
• In lower time frame we witness the impulse move.(Check third image)
• From the low 1142.67 to 1219.76=77.09 points move is come in zigzag pattern and time consume by this move is two week.
• For this week two possibilites are there,Either we will get the post pattern implication of zigzag,This is the most probable scenario,Because we witness the fall in gold price after making weekly high.
• And another one possibility is we will get the another corrective pattern.
• So how to trade both scenarios,One can buy gold if weekly high is break,Otherwise sell will continue,Till the some weekly support levels given below. 

For this week 1190.31/1172.11 are two important supporting levels and i am expecting targets like 1249.20/1267.40 and more.
Below 1170 more pain will come.
One can buy above last weekly high.
 Trendline was broken by price,So sell on rise should be recommanded till weekly Supporting levels.

Market Profile::
Weekly::
  In weekly chart market Opens within the value area so long at VAL with sl below day before POC and target the return at VAH .
VWAP-1194.022
POC-1199.24
VAH-1207.25
VAL-1184.20

Daily::
Price opens below the previous days Value Area So open the sell trade below VAL add some more at POC with the stoploss of 2tick above VAH
VWAP-1196.02
POC-1200.01
VAH-1202.96
VAL- 1196.91

Weekly Demand-Supply Zone::
Once again last week witness the price reversal from weekly supply zone posted on last weekly report.
Demand Zone::1159.77-1142.11
Supply Zone::1223.09-1204.11
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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Happy Disciplined Trading.