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Xau/Usd : 27/04/2015 Technical Analysis Report

27th April 2015 CFX Admin

Our Preference: Sell below 1190 levels for the target 1180 and 1170 levels with tight stoploss .
Alternative Scenario: Nill
 
Technical Commentary :- In weekly chart :- Last week gold was broken lower trend and closed below lower trend line so further we can except some low upto key support level 1170 .
In Daily chart and In 4 hour chart :- yesterday Gold was broken the triangle pattern on lower side and broken key support level 1180 level so we can sell near resistance level 1190.
In 1 hour chart :- Gold was trading below the key support levels so we can sell near key resistance line 1190 levels :- we have shown in above image.


Technical Commentary :- In weekly chart :- Last week gold was broken lower trend and closed below lower trend line so further we can except some low upto key support level 1170 .



In Daily chart and In 4 hour chart :- yesterday Gold was broken the triangle pattern on lower side and broken key support level 1180 level so we can sell near resistance level 1190.



In Daily chart and In 4 hour chart :- yesterday Gold was broken the triangle pattern on lower side and broken key support level 1180 level so we can sell near resistance level 1190.



In 1 hour chart :- Gold was trading below the key support levels so we can sell near key resistance line 1190 levels :- we have shown in above image.



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