Technical Commentary: In Daily Chart :- In Gold new upper trend line was formed and it was trading in the range bound pattern and it was trading with the lower trend line and upper trend line acting as major 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 4 Hour Chart :- Gold was formed double top and it was trading below the key resistance level of horizontal line and we got closing below the support levels so its confirming for selling side and 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 double top was formed and its closed below the key support level of horizontal line, so its confirming for selling side and 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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