Our Preference: Buy above 1283 for the target of 1298 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was broken the triangle pattern on upper side and after testing the lower trend line its bounce back on buying side and now its trading near 50% Fibonacci retracement level and last four daily candle highs are acting as key resistance level, If key resistance are broken means we can except further buyoff upto next key resistance levels :- which we have shown in attached image.
In Daily Chart :- XauUsd was broken the triangle pattern on upper side and after testing the lower trend line its bounce back on buying side and now its trading near 50% Fibonacci retracement level and last four daily candle highs are acting as key resistance level, If key resistance are broken means we can except further buyoff upto next key 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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