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Xau/Usd : 20/03/2015 Technical Analysis Report

20th March 2015 CFX Admin

Our Preference: Buy above 1180 with stoploss below 1172 for the target of 1192.
Alternative Scenario: Nill .
 
Technical Commentary :- In Daily chart, after bounced back from major lower trend line and now its safely reached upper trend line and 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 and In 1 hour chart, Gold was trading in Equidistance channel lines and safely reached upper channel line and new horizontal resistance line was formed, so we can except some correction from upper channel line :- we have shown in above image.


Technical Commentary :- In Daily chart, after bounced back from major lower trend line and now its safely reached upper trend line and 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 and In 1 hour chart, Gold was trading in Equidistance channel lines and safely reached upper channel line and new horizontal resistance line was formed, so we can except some correction from upper channel line :- we have shown in above image.



In 4 hours chart and In 1 hour chart, Gold was trading in Equidistance channel lines and safely reached upper channel line and new horizontal resistance line was formed, so we can except some correction from upper channel line :- we have shown in above image.



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