Technical Commentary :- In weekly chart, Gold was closed on higher side and closed like hammer pattern and closed above the key resistance level of 1200 ounces and its was trading in the triangle pattern, this week we can except to break off on higher side so we can buy above 1198 levels with tight stoploss.
In Daily chart :- Gold was trading in the triangle pattern If upper trend line breaks means we can see further move towards on higher side.
In 4 hour chart and In 1 hour 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 above lower support line 1200 levels :- we have shown in above image.
In 4 hour chart and In 1 hour 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 above lower support line 1200 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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