XAUUSD Daily NEo Wave Plot (05/02/2015)

We witness the sideways with some upside bias move in gold price,As weekly trend is up.
Check Weekly NEo Wave Plot

In last session i have given one range which is not broken in last session,Today also i will suggest initiate the buy position only above 1286.20 and sell position below 1250.34
For today 1258.59/1254.05 are two important supporting levels and i am expectiong targets like 1273.62/1278.16 and more.
We can see the trendline resistance on 4hourly chart.One can initiate buy above the trendline.

Demand-Supply Zone::
Demand::1262.41-1255.32
Supply::1282.59-1279.03

Gold price is above all important key moving averages as well as pivot levels,so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,so short term strength is there.Below that levels minor weakness will come.
(For SAR level Check last image)
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XAUUSD Daily NEo Wave Plot (04/02/2015)

In last session we witness some fall in gold price.Weekly trend is till having upside potential.
In weekly chart we are witnessing an expanding traingle.

For today i will suggest to wait till break any side level for entry,If price break 1250.34 then initiate the sell position and if price broken 1286.20 then initiate the long position.
We can see the trendline resistance on 4hourly chart.(Check third chart)

Demand-Supply Zone::
In last session we witness price never respect one intraday demand zone.
Demand::1257.97-1251.99
Supply::1280.49-1269.69

Gold is below two important moving averages and one pivot level so minor weakness is there.
Gold is below Daily and 4Hourly SAR level so short term weakness is there,Above this level major strength will come.
(For SAR level Check 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.