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Xau/Usd : 26/02/2015 Technical Analysis Report

26th February 2015 CFX Admin

Our Preference: Buy positions Above 1200 with target of 1220 & 1226 in extension.
Alternative Scenario: Nill
 
Technical Commentary: In Weekly chart and Daily chart Gold was tested lower trend line
bonzed back from the lower trend line,
it was closed higher,
given good support trend line,
last 2 days closing was like hammer in daily chart.
In 4 hours chart,Gold was trading in Equidistance channel lines and yesterday its broken intraday Upper trend line and key resistance line.1203 levels. :- we have shown in above image.
In 1 hour chart,Gold was trading near upper trend line If it breaks means it will start to move upper resistance levels :- we have shown in above image.


Technical Commentary: In Weekly chart and Daily chart Gold was tested lower trend line bonzed back from the lower trend line, it was closed higher, given good support trend line, last 2 days closing was like hammer in daily chart.



In 1 hour chart,Gold was trading near upper trend line If it breaks means it will start to move upper resistance levels :- we have shown in above image.



In 4 hours chart,Gold was trading in Equidistance channel lines and yesterday its broken intraday Upper trend line and key resistance line.1203 levels. :- we have shown in above image.



In 4 hours chart,Gold was trading in Equidistance channel lines and yesterday its broken intraday Upper trend line and key resistance line.1203 levels. :- we have shown in above image.



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