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Xau/Usd : 20/01/2016 Technical Analysis Report

20th January 2016 CFX Admin

Our Preference: Sell Below 1095 for the target 1078 levels.
Alternative Scenario: Nill
 
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern and its was trading near the key resistance level of horizontal line and its trading below the upper trend line  so today we can sell near key resistnace level of horizontal line and except upto next support levels :- which we have shown in attached image.
 In 4 Hour Chart :- Gold was was trading in the sideways movement between key resistance level and key support level and now its was trading near key resistance level of horizontal line so we can sell near resistance level of horizontal  line and except upto next key support level :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near resistance level, if the resistance level breaks means we can except on buying side, so today we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.


Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern and its was trading near the key resistance level of horizontal line and its trading below the upper trend line so today we can sell near key resistnace level of horizontal line and except upto next support levels :- which we have shown in attached image.



In 4 Hour Chart :- Gold was was trading in the sideways movement between key resistance level and key support level and now its was trading near key resistance level of horizontal line so we can sell near resistance level of horizontal line and except upto next key support level :- which we have shown in attached image.



In 1 Hour Chart :- Gold was trading in the triangle pattern and now its was trading near resistance level, if the resistance level breaks means we can except on buying side, so today we can sell near intraday resistance level and except upto next support levels :- which we have shown in attached image.



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