NEo XAU/USD

Monday, 23 March 2015

XAUUSD Weekly NEo Wave Plot (23/03/2015)

As per auction theory we witness the 'Trending Week'.Learn more about Trend Day/Week
As per NEo Wave we witness the upside move after making one weekly low,In last weekly report i have given two levels for buying and selling hope all followers made money in last week.
Last week we have seen the exact price reversal from last weekly Demand Zone.

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 zigzag.(Check third image)
For this week there are two possibilities,One is either we will get the post pattern implication of double zigzag and another one possibility is we will witness the another one corrective pattern with Wave-X
Now how to treade this two possiblites ???
If Last weekly low breaks then we can see the second possible scenario,Which leads target below 1110 and more.
And of price is unable to break previous low and if we get the price faster price move in upside then first scenario is applicable.

For this week 1190.40 is very important level,above this level price will move more highers,Which may be the 80% of previous fall from 1307.47.
And if price moves below 1165.20 then minor weakness will come,Below weekly low price will make new short term low.
We can see the trendline support in 4hourly chart.(Check seventh chart ),If trendline breaks on closing basis minor weakness will come ,Otherwise uptrend will continue.

Market Profile::
Daily -
    POC-1158.21
    VAH-1175.26
    VAL-1150.95

Hourly -
    POC-1171.17
    VAH-1180
    VAL-1168.65
(For Daily MP Chart check Fourth Chart and For Hourly Check Fifth Chart)

Weekly Demand-Supply Zone:-
Last week we witness exact price reversal from weekly Demand zone level
Demand Zone::1149.46-1131.67
Supply Zone::1209.34-1196.33
If any zone broken in this week i will update next zone 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.

Thursday, 19 March 2015

XAUUSD Daily NEo Wave Plot (19/03/2015)

Last session was Trending Day according to auction theory.Lets Discuss more about Trending Day..

Trend Day
Dynamics There are two types of Trend days: the "standard" Trend day and the Double-Distribution Trend day. The most important feature of a standard Trend day is the high level of directional confidence that is evident throughout the day. The other timeframe buyer or seller remains
in control of the auction process virtually from the day's open to its close. In addition, as a Trend auctions higher or lower, it continues to draw new business into the market, thus creating unidirectional, sustained price movement fueled by higher volume.

Double-Distribution Trend Day
Dynamics The second type of Trend day, the Double-Distribution Trend day, is relatively inactive during the first few hours of the trading session. Market participants possess a low level of conviction, resulting in a narrow base. Later in the session, a change in events causes the other timeframe to perceive price to be unfair at current price levels, enter the market aggressively, and substantially extend the range. This later entry by the other timeframe drives price to a new level, where a second
balance region develops. The Double-Distribution Trend day does not possess the steady confidence of a typical Trend day and must stop and "reassure" itself after a substantial move.
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In last session first few hours we witness some sideways moves and after that we witness the upside move in gold price.
Price exactly bounced from Weekly Demand Zone.

Check Weekly NEo Wave Plot
As per weekly NEo Wave Report price make one new weekly low and then price moves more higher.

For Short term 1182.14 is very important level,Above this level closing basis more upside will come,And till below this level weakness is there.
We can see the trendline resistance near the current market price,Or todays high.(Check First and Fifth Chart)
Till trendline on daily chart broken closing basis,sell on every rise recommanded.

Market Profile-
Daily-
      VAH-1163.33
      VAL-1150.58
      POC-1156.96
Hourly-
Today price open above the VAH and consilidate there and come down.
   VAH-1165.53
   VAL-1145.80
        POC -1150.87

Demand-Supply Zone::
We can see the bounce from Weekly Demand Zone.(Check Second Last chart)
Demand Zone::1149.46-1131.67
Supply Zone:: 1209.34-1196.33
If any zone broken in this week i will update next zone 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 last image)
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