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Xau/Usd : 15/04/2015 Technical Analysis Report

15th April 2015 CFX Admin

Our Preference: Buy above 1190 levels for the target 1198,1210 and 1218 levels with stoploss below yesterday low.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily chart Gold was trading in the triangle pattern and its was trading in the range bound pattern between key resistance level and key support level So we can buy near lower support line and support levels 1190 with the stoploss of 1178.
In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.


Technical Commentary :- In Daily chart Gold was trading in the triangle pattern and its was trading in the range bound pattern between key resistance level and key support level So we can buy near lower support line and support levels 1190 with the stoploss of 1178.



In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.



In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.



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