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Gold ( Xau/Usd ) : 08/11/2017 Technical Analysis Report

8th November 2017 CFX Admin

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.



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