Technical Commentary :- In Daily Chart :- After 2 weeks gold was closed on lower side and it was closed below key support level So we can sell near resistance level of 1191 :- 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 below upper channel line for the target upto 1185 & 1180 :- we have shown in above image.
In 1 hour chart :- Gold was trading in the triangle pattern and yesterday its broken the key support level of intraday trend line so we can sell below 1191 levels :- 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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