Technical Commentary:- In Weekly Chart :- Last week Gold was closed on higher side and closed above last 2 week high so its confirming for the buying zone and we can buy near resistance level and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Last day Gold was closed above the resistance level and its was trading with lower trend line and its was trading above the resistance 1110 level so today we can buy near key support level lower trend line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading with lower trend line and we got closing above the upper trend line so its conforming for the buying side so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
1 Hour Chart :- Gold was trading in the equidistant channel line and resistance are broken so we can buy near intraday support level and except upto next resistance levels :- which we have shown in attached 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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