Technical Commentary :- In weekly chart :- After testing the key resistance level Gold was came down and closed lower on last week, so further we can except upto next key support levels 1170 and 1160 levels
In Daily chart :- yesterday Gold was closed below key support level 1190 levels and the pair was trading between major key support and resistance levels, so we can except range bound between key resistance and key support.
In 4 hour chart and 1 hour chart :- Gold was trading between upper trend line and lower trend line so we can sell near key resistance level 1192 and upper trend line 1192 :- which we have shown in attached image.
In 4 hour chart and 1 hour chart :- Gold was trading between upper trend line and lower trend line so we can sell near key resistance level 1192 and upper trend line 1192 :- which we have shown in attached 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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