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Xau/Usd : 11/05/2015 Technical Analysis Report

11th May 2015 CFX Admin

Our Preference: Sell below 1192 levels for the target 1180 and 1170 levels with tight stoploss .
 Alternative Scenario: Nill          
     
Technical Commentary :- In Daily chart :- Gold was trading in the range bound pattern between key resistance and key support levels and gold was trading in the triangle pattern and now the pair gold was trading near key support level.
In 4 hour chart and 1 hour chart :- Gold was trading in the triangle pattern and intraday range bond pattern was broken on lower side so we can except upto next key support level 1174 levels :- which we have shown in attached image.


Technical Commentary :- In Daily chart :- Gold was trading in the range bound pattern between key resistance and key support levels and gold was trading in the triangle pattern and now the pair gold was trading near key support level.



In 4 hour chart and 1 hour chart :- Gold was trading in the triangle pattern and intraday range bond pattern was broken on lower side so we can except upto next key support level 1174 levels :- which we have shown in attached image.



In 4 hour chart and 1 hour chart :- Gold was trading in the triangle pattern and intraday range bond pattern was broken on lower side so we can except upto next key support level 1174 levels :- which we have shown in attached image.



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