In Daily chart :- last 3 days gold was closed on higher side and its broken upper trend line and closed above key resistance levels, so we can buy near key support levels :- we have shown in above image.
Technical Commentary :- In weekly chart : Last week Gold was closed above last week high and its closed on higher side and its conforming for that buying trend because after testing the lower trend line gold was closed on higher side and broken key resitantce level so we buy near key support levels.
In 4 hours chart :- Gold was broken the equidistant line on upper side and its broken key resistance level 1175 levels so next we can except upto next resistance level 1200 Ounces.
In 1 hour chart, Gold was trading in Equidistance channel lines and we can buy near lower channel line 1180 levels and its broken all minor resistnace levels on last week :- 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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