In Daily chart, the gold was bounce back from key support level 1247 and its formed new lower trend line now intraday key resistance @ 1270 level If it breaks and close above this level means we can except of buying trend :- we have shown in above image.
Technical Commentary: In Weekly chart, Last week gold was formed new support levels with lower trend line after bounce back from major key support level 1145 level.
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.
| 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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