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Xau/Usd : 17/03/2015 Technical Analysis Report

17th March 2015 CFX Admin

Our Preference: Buy above 1153 with target of 1158 & 1165 in extension and stoploss above 1143.
Alternative Scenario: Nill
 
Technical Commentary: In Daily chart, after bounced back from major lower trend line and now its started to move on sideways moments with major support and resistance with triangle pattern so we can buy near intraday support levels upto intraday resistance level :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines with sideways moment and triangle pattern. In 1 hour chart, Gold was trading in the triangle pattern and its trading between major key resistance level and major support level :- we have shown in above image.


Technical Commentary: In Daily chart, after bounced back from major lower trend line and now its started to move on sideways moments with major support and resistance with triangle pattern so we can buy near intraday support levels upto intraday resistance level :- we have shown in above image.



In 4 hours chart, Gold was trading in Equidistance channel lines with sideways moment and triangle pattern.



In 1 hour chart, Gold was trading in the triangle pattern and its trading between major key resistance level and major support level :- we have shown in above image.



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