Technical Commentary: In Weekly chart Gold was broken lower trend line and closed below lower trend line,
In Daily chart and its trading below the major key support level 1170 levels and new support was forming at the level of 1160 :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and its was trading below key resistance level 1175 Level , so we can sell near key resistance line with stoploss above 1190 level :- we have shown in above image.
In 1 hour chart, Gold was trading in the equidistant lines and near intraday key resistance level 1165 level and its trading in the triangle pattern so we can sell near lower trend line of triangle pattern :- 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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