Technical Commentary:- In Weekly Chart :- Last week Gold was trading with upper trend line and closed below the 1080 resistance level of horizontal line and now last 4 days acting as major resistance level so this week we can except on selling side with stoploss above last 3 weeks high of resistance level of horizontal line :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line and its tested the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
Technical Commentary:- In Weekly Chart :- Last week Gold was trading with upper trend line and closed below the 1080 resistance level of horizontal line and now last 4 days acting as major resistance level so this week we can except on selling side with stoploss above last 3 weeks high of resistance level of horizontal line :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line and its tested the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
Technical Commentary:- In Weekly Chart :- Last week Gold was trading with upper trend line and closed below the 1080 resistance level of horizontal line and now last 4 days acting as major resistance level so this week we can except on selling side with stoploss above last 3 weeks high of resistance level of horizontal line :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line and its tested the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
Technical Commentary:- In Weekly Chart :- Last week Gold was trading with upper trend line and closed below the 1080 resistance level of horizontal line and now last 4 days acting as major resistance level so this week we can except on selling side with stoploss above last 3 weeks high of resistance level of horizontal line :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line and its tested the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
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