Technical Commentary:- In Daily Chart :- Gold was trading above the resistance 1110 level and last 2 days we got closing above the resistance level so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was tested the upper trend line and its broken the sideways movement on upper side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
and 1 Hour Chart :- Gold was trading in the equidistant channel line and its tested the lower channel line and its trading lower channel line of key support level, so we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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