Technical Commentary: In Weekly chart :- Gold was trading below the key resistance level of horizontal line and last 2 week high acting as key resistance level so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Gold was broken the triangle pattern on lower side and its was trading below the upper trend line and acting as key resistance so we can sell below the upper trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading in the range bound pattern so we can sell below the key resistance level of horizontal line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the equidistant channel lines and it was trading in the range bound pattern so we can sell below the key resistance level of horizontal line and except upto next key support level :- 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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