In Daily Chart :- Last 8 days gold was closed on bullish candle yesterday gold had bearish candle so today we can except some correction on selling side upto key support levels of 1190 and 1180 ounces:- we have shown in above image.
Technical Commentary :- In weekly Chart : Last week Gold was closed below key resistance level 1210 and gold was closed on lower side, so we can except sideways movements.
In 1 hour chart :- Gold was trading in the triangle pattern with near lower trend line , If lower line breaks means we can except upto 1180 levels :- we have shown in above image.
In 4 hour chart :- Gold was trading in the selling equidistant channel line and its trading near upper channel line 1194 levels so we can sell near upper channel line for the target upto 1185 & 1180 :- 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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