NEo XAU/USD

Monday, 16 March 2015

XAUUSD Weekly NEo Wave Plot (16/03/2015)

As per auction theory we witness the Normal day,Normal days are often caused by a news announcement early in the trading session that triggers a strong other timeframe reaction, driving
price quickly in one direction.
So this week we may witness some one side move in gold price.
As per NEo Wave In last week we reach near the first target.And we witness some littel bounce from Weekly Demand Zone.(Check Last Image For NEo Wave Target and Eight Image for Demand Zone)

NEo Wave 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.
In last week we witness the Wave-B and Wave-C Of zigzag.
In lower time frame we can see the Flat correction in the place of Larger Wave-B.(Check Second Image)
For this week two secenarios are possible,One is either we will get the post pattern implication of Zigzag or We will get the Wave-X and after that more fall in gold price.
So,How to trade this two scenarios,
Its simple if price broken Last week low then initiate the new sell position,And if last Weeks High broken then we will see some upside in gold price.

For this Week 1175.40 and 1147.70 are two important levels this are the high and low of last week.
Above high we can see some upside and below low price will go to reach our targets like 1127.17 and more.
We can see the trendline on 4hourly chart one can buy above this trendline on closing basis.

Market Profile::
Daily-
    VAH-1163.69
    VAL-1151.86
Hourly-
    VAH-1158.84
    VAL-1153.07
    POC-1155.96

Weekly Demand-Supply Zone::
We have seen the price reversal from exact last weekly Demand Zone,but we cant say support taken from demand zone because we didnot get an faster retracement form the low.
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 second last image)
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Thank You.
Happy Disciplined Trading.

Thursday, 12 March 2015

XAUUSD Daily NEo Wave Plot (13/03/2015)

As per auction theroy last session we witness the Normal Variation of a Normal day.
Lets discuss more about Normal Variation of a Normal day-
A Normal Variation of a Normal day is characterized by market activity early in the trading session that is less dynamic than that of a Normal day. As the day progresses, however, the other timeframe
enters the market and substantially extends the range. It is as if the other timeframe participant had watched the auctions for a while, then decided price was opportune and entered aggressively. The other timeframe's conviction is more evident, due to range extension on this type of day (compared to a Normal day).
Normal Variations typically do not have quite as wide of an initial balance as Normal days.Normal Variations typically do not have quite as wide of an initial balance as Normal days.For the duration of the day, the market's auction process involves the other timeframe buyer, other timeframe seller, and the local (referred to as two-timeframe trade). On this day, selling range extension causes value to be established lower
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As per NEo Wave after the fast fall in gold prices we witnessing form last 2-3 sessions sideways moves.This sideways move is at the place of Wave-B or Alternative Wave-ii.
Wave-B or Wave-ii,iv are the corrctive waves which consume more time and moves small price range.
In this waves subwaves may come as any corrective pattern like Flat,Triangle,Diametric.
I think from last two days we are witnessing the Flat pattern in Wave-B or Wave-ii,Wave-c will leads the more fall in gold price.(Check first chart)
Weekly Trend is till down.(CheckWeekly NEo Wave Plot )
We can see the exact bounce from weekly demand zone.(Check second last chart)

For Today 1175.17/1192.50 are two important resistance levels and i am expecting short term targets like 1134.87/1121.95 and more.
One can buy for small targets/bounce after the breakout of trendline on daily chart,And my suggestion is use the bounce for sell.
Sell on every rise is recommanded.
One can buy positional above 4hourly charts trendline breakout closing basis.

Market Profile-
VAH-1159
VAL-1149.02
POC-1154.01
One can sell near previous POC or VAH with the stoploss 10 tick above previous days high.
PPOC-1163.18
PVAH-1166.11

Demand-Supply Zone::
We can see the exact bounce from weekly demand zone,More fast bounce needed for the confirmation.
Demand Zone::1149.46-1131.67
Supply Zone::1198.10-1195.16
If any zone broken then i will update next zone on my facebook page.

Gold price is below all key moving averages as well as pivot levels,so major weakness is there.
Gold price is below all SAR levels so short term weakness is there ,above Daily and 4hourly SAR level minor strength will come.
(For SAR level check second last image)
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