Our Preference: Sell Below 1238 for the target of 1219
Alternative Scenario: Nill
Technical Commentary: In weekly chart :- Gold was trading below the triangle pattern, now the lower trend line of the triangle pattern acting as the key resistance level and its trading near lower trend line of the triangle pattern, so we can sell near the key resistance levels and except upto next key support level :- which we have shown in attached image.
In Daily Chart, 4 Hour Chart and 1 Hour Chart :- Gold was trading below the lower trend line and the lower trend line acting as key resistance level, so we can sell below the resistance level of 1238 levels and except upto next key support level :- which we have shown in attached image.
In weekly chart :- Gold was trading below the triangle pattern, now the lower trend line of the triangle pattern acting as the key resistance level and its trading near lower trend line of the triangle pattern, so we can sell near the key resistance levels and except upto next key support level :- which we have shown in attached image.
In Daily Chart, 4 Hour Chart and 1 Hour Chart :- Gold was trading below the lower trend line and the lower trend line acting as key resistance level, so we can sell below the resistance level of 1238 levels and except upto next key support level :- which we have shown in attached image.
In Daily Chart, 4 Hour Chart and 1 Hour Chart :- Gold was trading below the lower trend line and the lower trend line acting as key resistance level, so we can sell below the resistance level of 1238 levels and except upto next key support level :- which we have shown in attached image.
In Daily Chart, 4 Hour Chart and 1 Hour Chart :- Gold was trading below the lower trend line and the lower trend line acting as key resistance level, so we can sell below the resistance level of 1238 levels 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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