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Xau/Usd : 14/01/2016 Technical Analysis Report

14th January 2016 CFX Admin

Our Preference: Buy Above 1088 for the target 1100 levels.
Alternative Scenario: Sell Below 1085 for the target 1078 levels.
 
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was tested the key support level of horizontal line and closed on higher side as bullish candle so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image.
 In 4 Hour Chart :- Gold was broken the resistance 1088 level of horizontal line and its was trading in the sideways movement between key resistance level and key support level so we can buy near support level of horizontal  line and except upto next key resistance levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near upper trend line, if the upper trend line breaks means we can except on buying zone If not it will come to lower trend line from there we can except on buying side, so today we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.


Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was tested the key support level of horizontal line and closed on higher side as bullish candle so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance 1088 level of horizontal line and its was trading in the sideways movement between key resistance level and key support level so we can buy near support level of horizontal line and except upto next key resistance levels :- which we have shown in attached image. In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near upper trend line, if the upper trend line breaks means we can except on buying zone If not it will come to lower trend line from there we can except on buying side, so today we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.



Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was tested the key support level of horizontal line and closed on higher side as bullish candle so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance 1088 level of horizontal line and its was trading in the sideways movement between key resistance level and key support level so we can buy near support level of horizontal line and except upto next key resistance levels :- which we have shown in attached image. In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near upper trend line, if the upper trend line breaks means we can except on buying zone If not it will come to lower trend line from there we can except on buying side, so today we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.



Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was tested the key support level of horizontal line and closed on higher side as bullish candle so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image. In 4 Hour Chart :- Gold was broken the resistance 1088 level of horizontal line and its was trading in the sideways movement between key resistance level and key support level so we can buy near support level of horizontal line and except upto next key resistance levels :- which we have shown in attached image. In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near upper trend line, if the upper trend line breaks means we can except on buying zone If not it will come to lower trend line from there we can except on buying side, so today we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached image.



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