Technical Commentary: In Weekly chart and Daily chart Gold was tested lower trend line and its bounced back from the lower trend line and closed above the lower trend line and its trading in the triangle pattern so we got a good support levels.
In 1 hour chart,Gold was trading above upper trend line now which it was come as support level so now we good support of lower trend line so we can buy near the support 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 now we got a good intraday lower trend line with good key support line @ 1198.00 level. :- 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 now we got a good intraday lower trend line with good key support line @ 1198.00 level. :- we have shown in above image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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