Technical Commentary: In Weekly chart and Daily chart ,Gold was trading triangle pattern and its was tested lower trend line and the closing was on higher and yesterday it was tested intraday key support line and closing was on higher side so its conforming that on buying pressure : we have shown in above image.
In 1 hour chart, Gold was trading in triangle pattern yesterday its tested lower trend line so we can buy near lower trend line :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and its was trading near upper trend line If its breaks the upper channel line means its started to move for long term buying trend so we can buy above intraday support line @ 1198 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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