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.
Technical Commentary: In weekly chart :- Gold was tested last week and testing the upper trend line so we can except some correction from here to next support level .
In 1 hour chart, Gold was broken the triangle pattern on upper side and its moving towards next resistance level :- we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and safely reached upper channel line so we can except some correction from upper channel line
| 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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