Technical Commentary :- In Weekly Chart :- Gold was closed on lower side on last week and but gold still its was trading ablve the triangle pattern and trading above the key resistance level.
In Daily chart :- Gold was trading in the range bound pattern between key resistance and key support levels and gold was trading above the triangle pattern and trading above the key support level.
In 4 hour chart :- Gold was trading in the triangle pattern with ner llower trend line If it breaks lower trend line means we can except sell side :- which we have shown in attached image.
In 1 hour chart :- Gold was trading with equidistance channel lines with lower trend line of good support and trading above the key support level of 1200.If it breaks 1200 level means we can except next support level of 1190 and 1180 Levels.
| 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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