Technical Commentary:- In Weekly Chart :- Last week Gold was closed as bearish candle and Gold was trading below last year’s low and key support level broken so its confirming for selling side which we have shown in attached image.
In Daily Chart :- Gold was trading in the equidistance channel line and now its trading near upper channel line so we can sell near major resistance of horizontal line 1080 levels :- which we have shown in attached image.
In 4 hour chart :- Gold was trading in the triangle pattern and its trading near resistance level of horizontal line so we can except on selling side :- which we have shown in attached image.
In 1 hour chart :- Gold was trading in the triangle pattern and its trading near upper trend line so its confirming for the selling side :- 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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