Technical Commentary: In Weekly Chart :- Last Week Gold was closed on lowerside as bearish candle and its was trading with upper trend line now previous double top resistance was as acting as key support 1308 level so this week we can except upto next key support levels :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the equidistant channel lines and now its was trading near lower trend of triangle pattern if lower trend line break means we can except upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading in the equidistant channel lines and now its was trading near lower trend if lower trend line break means we can except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading with upper trend line and its was trading in the intraday triangle pattern if lower trend line break means we can except upto next key support 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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