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Xau/Usd : 11/01/2016 Technical Analysis Report

11th January 2016 CFX Admin

Our Preference: Buy Above 1096 for the target 1114 levels.
Alternative Scenario: Nill
 
Technical Commentary:- In Weekly Chart :-  Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and  we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and  we can buy near key support level and except upto next resistance level :- which we have shown in attached image.
 In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level  so we can buy near support level and  except upto next key resistance levels :- which we have shown in attached image.
1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.


Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image. 1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.



Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image. 1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.



Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image. 1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.



Technical Commentary:- In Weekly Chart :- Last week Gold closed above last 2 months high and its closed on higher side as bullish candle so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In Daily Chart :- Gold was trading in the triangle pattern and its broken the resistance level of horizontal line and last 2 days it was closed above the resistance level so its conforming for the buying zone and we can buy near key support level and except upto next resistance level :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance of sideways movement on higher side now previous resistance acting as key support level so we can buy near support level and except upto next key resistance levels :- which we have shown in attached image. 1 Hour Chart :- Gold was broken the resistance level and now its trading with lower trend line so we can buy near lower trend line of support level and expect upto next key resistance level :- which we have shown in attached image.



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